PLS 2.13% $3.83 pilbara minerals limited

Hi All, 1. Unfortunately the company only made it to step #1 in...

  1. 496 Posts.
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    Hi All,

    1. Unfortunately the company only made it to step #1 in my media suggestions... the share price is to be expected...

    Clearly shareholders need more information  around the deal metrics / colour on the counter party (thank you @Thesi & @PirateBooty for info)

    2. Slapstick Bank - wrong again. Company + @ozblue have clearly stated numerous times the DFS will show a ramp up to a 4mtpa operation not 2mtpa standalone.

    I guess pumping out incorrect research to support a previously incorrect view helps when you clearly got it wrong... again.... $MQG .... bad bank...

    So happy I shorted you at Deutsche Bank in 2008

    3. WILDCARD - GAM

    Mineral Resources has extended its position in the State’s emerging lithium industry, agreeing to buy Global Advanced Metal’s Wodgina mine and tenements.

    MinRes is already the part-owner and operator of the Mt Marion lithium mine near Kalgoorlie, and said today it would acquire GAM’s Wodgina mine – including its tenements, camp, processing facilities and power station – for an undisclosed sum.

    Conditions precedent under the Off-take Agreement include:

    The waiver or non-exercise of the right of first refusal to the spodumene concentrates held by Global Advanced Metals Wodgina Pty Ltd under earlier agreements to which Pilbara Minerals is a party; and,

    So.... Does Mineral Resources lob in a better offer..... ?

    Thoughts anyone ?

    I have some indirect contacts there but if anyone has a direct contact - please give them a call ?

    LoL I know for certain if I was MinRes I would lob in a better offer.

    Cheers,
    Super Ninja
    Last edited by SuperNinja: 05/07/16
 
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