Good point Locky.
RIO market cap $150B (AUD)
SGML $1.15B (USD)
LRS $532M (AUD)
So for for about $2,2B (AUD) ,RIO could buy both LRS and SGML, have income from Sigma immediately , and develop LRS and have
a major presence in Lithium straight away.
It could also buy PLS $8.5B (AUD), but i would avoid the high CAPEX and OPEX in WA, and go for the Sigma/LRS package .
No FIRB issues selling LRS to a fellow Australian company.
If the highly paid execs at RIO don't jump at that ,then they are not maximising their SH value. .
I will happily take their position !!)
LRS General Discussion, page-18929
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Last
20.3¢ |
Change
0.008(3.85%) |
Mkt cap ! $566.8M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.8¢ | $7.349M | 36.40M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 2569644 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 4567996 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 2568724 | 0.200 |
66 | 6433368 | 0.195 |
38 | 4924594 | 0.190 |
26 | 2429459 | 0.185 |
27 | 4368208 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 4566612 | 43 |
0.210 | 8203115 | 43 |
0.215 | 3162523 | 19 |
0.220 | 3823817 | 30 |
0.225 | 1858202 | 7 |
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