Pilbara Minerals Limited (ASX: PLS) should be targeting to acquire Dakota Minerals Limited (ASX: DKO) or there should be mutual merger similar to Galaxy Resources Limited (ASX: GXY) and General Mining Corp Ltd (ASX: GMM).
The way Dakota Minerals Limited share prices are going Down/South (almost every day) in spite of high grades of Lithium at Lynas Find Project (@ Western Australia) in final Phase-one drilling, merger/acquisition (M&A) is definitely in interest of all the Share Holders of Dakota Minerals Limited (ASX: DKO).
Merger/Acquisition will be also beneficial to Pilbara Minerals as Dakota Minerals Lithium prospects [Lynas Find Project (@ Western Australia)] are located in same zone of Pilbara Minerals which will reduce many cost (likes of administrative, mining, processing etc.)
Current share price of Pilbara Minerals is AUD 0.650. Even if half of Pilbara Minerals current price is offered for every share of Dakota Minerals will make 400%+ (i.e. AUD 0.325) increase in Wealth of DKO shareholders (from its current Price) and make Pilbara Minerals much bigger Lithium player.
Win-Win for all
Pilbara Minerals should be targeting to acquire Dakota Minerals
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$3.00 |
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Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
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