The move by IGO on Tianqi and the earlier move by WES and the PLS takeover of AJM all indicate a period of consolidation is in process. The top guys in the battery space are pretty secure, but the ones below are susceptible to hostile takeovers at this relatively cheap phase of the Li market. It's time, I think, for a few friendly mergers to make hostile takeovers more difficult. A merger of PLS, GXY and maybe LTR would create another Australian giant in the Li space with a great spread of resources and the muscle to establish its own downstream processing..
Good News & Bad News, page-8812
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Last
$2.94 |
Change
-0.070(2.33%) |
Mkt cap ! $8.849B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $64.87M | 22.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86878 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 199466 | 4 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |