Its a good thought, and certainly a possibility. Both are very aggressive.
My comments:
1. I am guessing Ganfeng would need to source cash from mainland China for a transaction of that size, which could be difficult in the current environment?
2 More attractive for Ganfeng if done before the POSCO JV is signed off in May?
3. I did hear a long time ago that Ganfeng and MIN, whilst being capable of working together, have had some issues in the past. They might have moved past that now.
As for MIN ... if I were them, and given their mining services business model, I would be tempted to take a 19.9% interest in PLS now, and ensure I had a seat at the table in any future transaction.
Its a good thought, and certainly a possibility. Both are very...
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |