True mate, but what happens if PLS go to P2000!!.
Albermarle and others are looking to get bigger and control more resources. Controlling more also gives more power for pricing and creating an orderly market.
PLS have the balance sheet to do more downstream investment and buy something like a CXO.
I guess my main hope is that they do something soon as it seems boom times may be just around the corner again towards end this year.
Either way CXO will have a blinder by itself so I'm happy to hold both PLS and CXO for nice dividends.
I just have this feeling that at the current MC, CXO is a huge T/O target for someone and it wouldn't surprise me to see a bid out of left field very soon. Probably not PLS but plenty of others out there looking to sure up resources.
Good News & Bad News, page-28641
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Last
$2.88 |
Change
-0.040(1.37%) |
Mkt cap ! $8.673B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.96 | $2.88 | $50.87M | 17.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 127610 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 103550 | 8 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |