Ganfeng currently own 152,605,323 as I calculate. 74,941,452 on T20 list 28/2/19 and on 26/3/19 77,663,871.PLS shares out of 1,822,177,276 Total. So approx 8.3748% as I calculate it out. Ganfeng just paid USD$50mm @ $0.6438 and previously $20mm @ 50c plus some others.
Ganfeng are getting cheap product, inconsistent quality SC6? while owning a large number of shares and possibly receive dividends later on. POSCO in similar frame.
I'd say Ganfeng are all over this and likely why the SP has been stuck in gradual decline this year with the declining prices of Li2O. I was looking into Talison's Greenbushes and noted that GAM have been given the green light to participate in doubling their tantalum production. I'm sure this will have a negative effect on PLS in the not to distant future.
Post #: 37887823
MIN still holding 104,166,667 shares? I guess so!
Anyhow GL with your investment but I see headwinds with PLS
Ann: Pilbara Completes Ganfeng Equity Placement, page-43
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.43 |
Change
0.040(1.67%) |
Mkt cap ! $8.672B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.48 | $2.39 | $63.64M | 26.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 682892 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 58660 | 6 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| PLS (ASX) Chart |
