Quick read through this article.
https://www.reuters.com/markets/deals/sigma-lithium-ceo-says-talks-with-potential-buyers-2023-07-28/
Sigma looking to do a deal. Report states Eight analysts recommend buying Sigma's stock and believe it should be trading 28% higher than current levels.
Currently Sigma MC is $4.2B CAD with the 28% and in AUD would equal a bit over $6B.
Market seems to like it as they trading approximately 8% higher today.
It looks the eyes of Saudi Wealth Fund, large financial institutions and the like are waking up to the lithium supply shortage given restrictions, cost and political instability in other jurisdictions making Brazil look very attractive.
Lets see what washes over to LRS with news now confirmed in the market.
Cheers
Quick read through this article....
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Last
24.5¢ |
Change
0.015(6.52%) |
Mkt cap ! $685.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 25.0¢ | 22.5¢ | $2.363M | 9.848M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103912 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 504000 | 5 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
24.3¢ |
Change
0.015 ( 7.30 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 24.8¢ | 23.0¢ | 2376428 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LRS (ASX) Chart |