Pilbara Minerals's Lithium Deal Seen As Sensible -- Market Talk

Dow Jones08-16

2215 GMT - Pilbara Minerals's agreed takeover of Latin Resources caught Euroz Hartleys by surprise at first, but it feels the deal is sensible when measured by risks and rewards. Australian companies don't have a great track record of success operating in Brazil where Latin Resources owns the Colina lithium deposit. To be conservative on country and execution risk, Euroz Hartleys attributes only 50% the net asset value of Colina to its valuation of Pilbara Minerals. "The Latin Resources acquisition could take some time to digest by markets given its left field nature," analyst Trent Barnett says. "But it's pretty unequivocal that on paper using higher long-term spodumene prices, this is a very accretive acquisition." Also, Pilbara Minerals is an experienced--and successful--spodumene producer, Euroz Hartleys adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 15, 2024 18:15 ET (22:15 GMT)

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To be conservative on country and execution risk, Euroz Hartleys attributes only 50% the net asset value of Colina to its valuation of Pilbara Minerals. \"The Latin Resources acquisition could take some time to digest by markets given its left field nature,\" analyst Trent Barnett says. \"But it's pretty unequivocal that on paper using higher long-term spodumene prices, this is a very accretive acquisition.\" Also, Pilbara Minerals is an experienced--and successful--spodumene producer, Euroz Hartleys adds. 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Australian companies ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7504","symbol_name":"锂钴概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2459289867","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459289867","pubTimestamp":1723760100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2215 GMT - Pilbara Minerals's agreed takeover of Latin Resources caught Euroz Hartleys by surprise at first, but it feels the deal is sensible when measured by risks and rewards. 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