At 4 a.m., when people are most sleepy, the bidders of snowway equity can’t rest.
According to the data of Jingdong judicial auction platform, around 4 a.m. on May 18, 542857% of the equity auction of Sichuan snowway mining was still bidding.
Among them, 141057995 and 140703190 bidders bid alternately, and most of the price increases are only 50000 yuan each time. Normal auction has evolved into a protracted war.
This is determined by the auction rules.
That is, set the delayed bidding function. Before the end of the bidding activity, if there is a bidder bidding in the last 5 minutes, it will be automatically delayed for 5 minutes.
After the original auction time, the above equity auction has entered the delayed transaction link. As long as there are still bidders bidding, the auction will not stop.
This is why bids are still being made in the early hours of the morning, which is equivalent to who goes to bed first and who is out.
At the same time, the increase in the auction bid is 50000 yuan and its integral multiple, which is far lower than the increase of 500000 yuan in 2020.
Therefore, the overall auction price is increasing slowly. At present, the latest bid is about 413 million yuan, which is still a long way from the evaluation price.
According to the above auction rhythm, the bidders of this auction may have to stay up for two more nights.
Unless someone from the bidder suddenly increases the bid range and increases the price by more than 100000 or 200000 for a single time, the completion of the auction will be accelerated.
It should be pointed out that, since the core assets of snowway are the detailed exploration rights of delanongba lithium mine and quartzite mine in Yajiang County, and the above exploration rights have expired in June 2021, the industry speculates that there are limited enterprises capable of handling the reservation of exploration rights, which are likely to be undertaken by local state-owned enterprises in Sichuan
There are also rumors in the market that the bidders participating in the auction include Sichuan New Energy Power Company Limited(000155) , Sichuan Road & Bridge Co.Ltd(600039) , Youngy Co.Ltd(002192) , Chengxin Lithium Group Co.Ltd(002240) , Gcl Energy Technology Co.Ltd(002015) , etc.
however, a person from Sichuan New Energy Power Company Limited(000155) Securities Department responded on May 18 that “the company did not participate in this auction, and matters involving investment decisions need to be approved in advance.”
in addition, among other “gossip objects” Chengxin Lithium Group Co.Ltd(002240) , Youngy Co.Ltd(002192) and Sichuan Yahua Industrial Group Co.Ltd(002497) , the Securities Department of the three companies also denied the rumors of participating in the auction to reporters on the afternoon of the 18th
In this case, the bidder of snowway equity appears more and more mysterious. It may be necessary to wait until the auction is officially completed before the information of the winner comes out from the industry.
“it’s just a prospecting right. Now it’s very difficult to handle the mining right. It’s better to directly participate in No. 3 mine.” A person from the lithium salt industry in Sichuan commented
the “No. 3 mine” mentioned by him is not among the six core lithium mines such as methylka and yelonggou. It is a new vein discovered in 2013. The known ore grade is higher and the reserves are larger
however, mine 3 is obviously beyond the reach of ordinary enterprises
In contrast, although the delanuba lithium exploration right owned by snowway has expired, it may be less difficult to obtain. The equity auction undoubtedly reflects the current industry’s thirst for lithium resources.
