PLS market cap is $8.2B - Paying 500M AUD is around 6% dilution.
Imagine paying $2bn (plus capex) it would be 25%+ dilution. That's where the hurdle is.
We fit more for players like RIO who can afford dilution.
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PLS market cap is $8.2B - Paying 500M AUD is around 6% dilution....
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