It seems LG gets the shares at the 10 day VWAP which is a discount, get the sc6 at a discount because of the size of the deal and get products that satisfy IRA standards. For the next 4 years or until they cease to become a substantial holder they have to vote with the board. They also get priority negotiation rights for 10 ktpa of LiOH when TLP comes online.
Does sound like a good deal for them. Also secures good income for Piedmont.
It seems LG gets the shares at the 10 day VWAP which is a...
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Last
15.0¢ |
Change
-0.010(6.25%) |
Mkt cap ! $61.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $145K | 947.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 562576 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 156368 | 9 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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