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$2.98 pilbara minerals limited

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PJLongford

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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
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(20min delay)
Last $2.98		Change -0.040(1.32%)		Mkt cap ! $8.969B

Open	High	Low	Value	Volume
$3.01	$3.01	$2.95	$52.16M	17.48M

Buyers (Bids)

No.	Vol.	Price($)
1	167	$2.98

Sellers (Offers)

Price($)	Vol.	No.
$2.99	53875	10

View Market Depth

No.	Vol.	Price($)
1	3061	3.050
1	8037	3.020
4	1758	3.000
3	17004	2.990
18	11863	2.980

Price($)	Vol.	No.
2.690	7987	2
2.750	17417	1
2.850	22028	1
2.890	3679	3
2.900	6000	2

Last trade - 16.10pm 18/07/2024 (20 minute delay)

PLS (ASX) Chart

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