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
Divesting 20-49% for downstream chemical facilities?, page-146
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Last
$3.88 |
Change
-0.010(0.26%) |
Mkt cap ! $11.67B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.94 | $3.83 | $54.21M | 13.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 13 | 394106 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $3.88 | 27332 | 1 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$3.89 |
Change
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| Open | High | Low | Volume | ||
| $3.85 | $3.94 | $3.83 | 4167261 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| PLS (ASX) Chart |