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$2.97 pilbara minerals limited

PLS sector -relevant media updates, page-45

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PJLongford

66 Posts.

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09/12/20

13:56

Post #: 49454256
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Originally posted by Andyrooo: ↑

The IGO payment is for a minority interest in Greenbushes. They are buying 49% of a Company that owns a 51% interest in Talisons, the Greenbushes Holding Company.

Not only that but its through a desperation sale. Tianqi need the funds to refinance.

After all this, Tianqi retain a controlling interest in Talisons. That controlling interest would command a considerable premium to the payment IGO are currently making. Therefore, I feel your A$6b Greenbushes price tag for 100% could be upped somewhat.

@Sjlasx supports that the stand alone PLS Pilgangoora resource is worth more than Wodgina. We can then up that by 33% for the ALO acquisition.

PLS would have a CapEx spend of at least A$500m to increase production from the present combined 550ktpa to match Greenbushes 1.34mtpa. If Greenbushes eventually do expand to 1.9mtpa, then they'll be limiting their LOM to ~8 years ... perhaps if high prices justify it.

A final valuation for the combined PLS/ALO must then come in at between A$4b and A$6b, or in share price terms, A$1.30 to A$2.00.

LIT ETF up 2.62% powering to new ATHs everyday.

ALB up 2.82% ditto plus another 0.38% in afterhours trade. Howard Klein was talking $200 on Twitter. Not sure who he got that from.

SQM up 1.42%.

Livent up 9.22% and another 1.8% in afterhours trade.

The whole Lithium sector is powering.

Expand

Agree with everything you have said mate but am curious as to why Aus lithium stocks have tumbled back from the great start we had today?

Originally posted by Andyrooo: ↑

The IGO payment is for a minority interest in Greenbushes. They are buying 49% of a Company that owns a 51% interest in Talisons, the Greenbushes Holding Company.

Not only that but its through a desperation sale. Tianqi need the funds to refinance.

After all this, Tianqi retain a controlling interest in Talisons. That controlling interest would command a considerable premium to the payment IGO are currently making. Therefore, I feel your A$6b Greenbushes price tag for 100% could be upped somewhat.

@Sjlasx supports that the stand alone PLS Pilgangoora resource is worth more than Wodgina. We can then up that by 33% for the ALO acquisition.

PLS would have a CapEx spend of at least A$500m to increase production from the present combined 550ktpa to match Greenbushes 1.34mtpa. If Greenbushes eventually do expand to 1.9mtpa, then they'll be limiting their LOM to ~8 years ... perhaps if high prices justify it.

A final valuation for the combined PLS/ALO must then come in at between A$4b and A$6b, or in share price terms, A$1.30 to A$2.00.

LIT ETF up 2.62% powering to new ATHs everyday.

ALB up 2.82% ditto plus another 0.38% in afterhours trade. Howard Klein was talking $200 on Twitter. Not sure who he got that from.

SQM up 1.42%.

Livent up 9.22% and another 1.8% in afterhours trade.

The whole Lithium sector is powering.

Expand

PLS Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $2.97		Change -0.010(0.34%)		Mkt cap ! $8.909B

Open	High	Low	Value	Volume
$2.93	$3.01	$2.89	$71.25M	23.90M

Buyers (Bids)

No.	Vol.	Price($)
39	226032	$2.96

Sellers (Offers)

Price($)	Vol.	No.
$2.97	281719	26

View Market Depth

No.	Vol.	Price($)
42	266942	2.960
20	266817	2.950
29	246594	2.940
20	177317	2.930
22	613910	2.920

Price($)	Vol.	No.
2.970	259023	33
2.980	418240	39
2.990	322843	24
3.000	257458	31
3.010	373769	17

Last trade - 13.54pm 19/07/2024 (20 minute delay)

PLS (ASX) Chart

PLS sector -relevant media updates, page-45

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PLS sector -relevant media updates, page-45

Top Stories

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Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Imricor raises $35M to pursue growth and expansion into Australia and NZ

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Featured News

Buyers (Bids)

Sellers (Offers)

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