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18.5¢ peak rare earths limited

News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-90

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usc75

7,026 Posts.

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14/02/22

08:37

Post #: 59545515
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Originally posted by PovertyBoy: ↑

Its grid lock. China has its claws into Tanzania big time debt wise. They could probably start taking infrastructure if they really turn the screws. Tanzania not willing to piss the Chinese off. China says dont issue the SML to PEK therefore Tanzania says whatever the last excuse was....PEK not agreeing to terms yada yada yada.

I think Appian know they cant liquidate their stake without pushing the PEK price down. So they can literally see their funds are stuck. This way they exit clean and at 20% above mkt price..

So the Chinese have a blocking stake. Next question is will a western company take a similar size stake??

Essentially do the west let this go? What will happen with offtakes? Because if they start going to China forget teeside. And perhaps Tanzania sees this as to be in their interest. But its complicated. Because its not Chinese clay based rear earths and Tanzania probably doesnt trust Chinese debt as they once did.

Hopefully China and the west look to Tanzanias best interests and dont treat Tanzania as a proxy. British govt may come out and insist that offtakes go to the west. Its a loss for the west but its a queit one.

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100% spot on...

PEK Price at posting: 79.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 18.5¢		Change -0.005(2.63%)		Mkt cap ! $49.28M

Open	High	Low	Value	Volume
18.5¢	18.5¢	18.5¢	$5.663K	30.60K

Buyers (Bids)

No.	Vol.	Price($)
3	74391	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	33315	3

View Market Depth

No.	Vol.	Price($)
3	74391	0.185
8	350777	0.180
5	116924	0.175
9	236218	0.170
2	12500	0.165

Price($)	Vol.	No.
0.210	33315	3
0.225	13300	1
0.230	5764	1
0.240	20000	1
0.250	70834	3

Last trade - 15.00pm 10/10/2024 (20 minute delay)

PEK (ASX) Chart

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