As someone already pointed out (apologies I don’t remember who?). Why continue to pay US$2000 + a ton for Spod, when you could buy the mine and produce it for less than US$500(‘ish) a ton yourself? Considering that supply is not likely to get any better soon and the likelihood of prices continuing to rise, a buyout from one af the behemoths is not such a nonsensical notion at all. Even at current market cap, double the price would still seem a bargain. Either way, I believe our future is bright if things continue to progress as they have (barring some cataclysmic world event of course).
PLS chart, page-4248
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |