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).
As someone already pointed out (apologies I don’t remember...
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Last
$3.05 |
Change
0.025(0.83%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.08 | $3.02 | $7.458M | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 175380 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 62197 | 16 |
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| Last trade - 10.32am 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |