Hey Simon - I see what you're saying about stage 1 and 2 being sold out which makes it unlikely that a chemical producer would do a full takeover but a miner would be pretty happy to take the revenue onto their balance sheet and those offtakes don't go forever.
Ellison is a shrewd investor. IMO he would be a willing seller of his PLS shares at $1.20 as that would be a nice little profit for him and he could pump it into another undervalued asset. That would leave no blocking stake and it would be open for a hostile takeover.
very interesting times ahead for sure
Hey Simon - I see what you're saying about stage 1 and 2 being...
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Mkt cap ! $11.97B | |||
| Open | High | Low | Value | Volume |
| $4.05 | $4.07 | $3.97 | $50.51M | 12.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 6 | 135433 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.99 | 41565 | 4 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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| $4.04 | $4.07 | $3.97 | 3189143 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| PLS (ASX) Chart |