"now the selling off 49% of their lithium assets makes me think they are doing a GAM."
I'm not too sure how I feel about MIN's CEO, CE. From my experience and IMHO, he appears as a shrewd business deal addict. They just have to deal and money is the marker. I wouldn't want him as a business competitor, yet I'm not sure I'd want him as a business partner either.
Maybe Ganfeng IPO funds will be used to buy the 49% in Wodgina. Given MIN and Ganfeng's present interests in PLS, together they may have the leverage to take PLS.
Perhaps, some whale will fork out the big bucks for Wodgina and together they will hunt PLS, ahem, maybe. I suppose the Wodgina purchase would rerate PLS but I expect we'll still be forced out for a prIce much lower than many of us want/expect.
Altura will fall by attrition and for worse than PLS.
All of course IMHparanoidO.
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Day to day discussions on S/P, page-3973
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Last
$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716181 | $2.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 235000 | 1 |
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