So by now I presume the market is fully informed about the cabinet meeting on Friday (tomorrow or next Friday?) that will hand down a decision on WLP handling. Given the market reaction to this news it seems the market is not confident in a really positive outcome for Lynas.
The market loves certainty and it seems we are now certain to get a decision soon and usually this would support a price. Yet the price is struggling which indicates to me the market expects a neutral to slightly bad result for Lynas. Probably something like an additional 24 months to remove the WLP.
That being the case surely the September licence renewal becomes a fait accompli and that would send the SP north of $2.50. But that isn't happening now.
WES offer or no, I don't understand the share price behaviour!
Today's chart & trading, page-1896
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |