If you go back in history you will find that this same deal was in place many years ago. Forge is actually the next "Lynas" or you could say a continuation of the old "Annaconda". The deposits we are talking about once belonged to Anaconda, around the year 2000. The Lynas deal then saw the Mt weld project transferred to Lynas for what now seems a pittance. Annaconda has had a name change since then and is now Minara (MRE).There were a myriad of deals going on during those times but the same names keep coming up in numerous companies associated with this wheeling and dealing.
It is interesting to note that the marketcap for Lynas is now about four times that of Minara. At one stage I sold MRE to buy LYC and obtained a swap ratio of 1 to 1. Lynas SP is now three times that of Minara.
So it is easy to see why a certain person who pulled it off once before is keen to try again.
can't believe how destructive nick curtis is, page-49
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |