imho I think NC is living "happily ever after". More money than one needs.
In my view the LYC as a going concern is all about the total process.
Take away the LAMP and the high end markets (if they ever come back and I'm sure they will) and you're just a concentrates suppliers competing against China. The market price for concentrates will continue to be set by China. That will not change.
I think LYC is locked in to its ownership of Mt Weld and the LAMP for better or for worse. I can't see a split of assets being good for LYC or the Western World if China was the successful purchaser. That's why a good bidding war would eventuate. Maybe with national governments involved in backing any bids.
Funny thing is it could be sooner rather than later.
LYC Price at posting:
26.5¢ Sentiment: None Disclosure: Held
