For anyone trying to better understand the situation - There are 3 important dots to connect
a) West Pilbara - Mineral Resources and Chris Ellison has recently spent $400m on buying stake in West Pilbara Iron ore project. They are quite keen to get that massive project off and running
b) Lithium - Mineral Resources has significant exposure to lithium via Wodgina and Mt Marmion projects. They are massive projects in their own right. 5% share in PLS is a liquid non-core investment that is being used for funding growth ambitions (as it was indended for). Mineral resources is not an investment company.
c) Now the most important part - We should be very happy that a major block of share is trading hands at a valuation above $2 per share. Folks this is an awesome piece of information - A validation of our share price that has had a massive run from $1 in a short period of time.
Overall, If markets overreacts to this news (which I don't think will happen in people do some basic analysis) I am pretty sure my wife will like to buy some more PLS.
xxLiONxx
- Forums
- ASX - By Stock
- PLS
- Mineral Resources sells $328m Pilbara Minerals stake via JPMorgan
Mineral Resources sells $328m Pilbara Minerals stake via JPMorgan, page-35
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $8.671B |
Open | High | Low | Value | Volume |
$2.87 | $2.93 | $2.84 | $50.85M | 17.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $2.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.88 | 179945 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 37014 | 2.860 |
13 | 102725 | 2.850 |
18 | 728581 | 2.840 |
9 | 291841 | 2.830 |
13 | 367653 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.880 | 179945 | 5 |
2.890 | 82500 | 7 |
2.900 | 303371 | 11 |
2.910 | 223362 | 8 |
2.920 | 274417 | 18 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |