its the same price they paid for LRS
LRS at 560m takeover, + $US 253m capex phase 1 (+ $US 55m phase 2)
Thats why the Apple for Apple comparison.
A predator who values longevity, could get WR1 for
Takeover value + outstanding capex on Renard / Adina ? 250m - 300m ?
Its a question then, if we have 100mt do they pay more for WR1 than LRS ? or do they wash that off, in that it might be a longer time frame ?
Either way, its a ballpark reasoning, that is multiples higher than the current MC of near 100m.
The question about probability of appetite, of a mature package at a counter cycle low. Different predators for different prey, Hot or cold dinner ?
Reminding that the cycle highs, we saw billions of value in the traded price of LTR and CXO etc.
A predator who buys cycle low does so, to save that, in lou of both saving of the hot price, and also a need to diversify future supply.
We are a more mature asset combination Adina / Renard potentially pending option execution. You cant say that for many of the others that stepped into the lithium ring. And present a viable dinner plate for a predator.
Everything is a bet. Thats why we are called punters, and why we are here.
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Last
49.5¢ |
Change
-0.005(1.00%) |
Mkt cap ! $107.0M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 47.0¢ | $231.8K | 480.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9450 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 19999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9450 | 0.485 |
2 | 18333 | 0.480 |
2 | 21000 | 0.470 |
6 | 72910 | 0.465 |
3 | 15078 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 19999 | 1 |
0.500 | 8666 | 2 |
0.510 | 23101 | 2 |
0.515 | 10000 | 1 |
0.520 | 23672 | 2 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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