Highly doubt WES tries for Lynas again - especially given previous attempt at $2.25 was highly opportunistic & perhaps a bit strategic to assist LYC negotiate in Malaysia rather than a genuine bid - as no follow up bids or increased offer from WES
More significantly WES doesn't even have enough cash on hand & already holds over $4B debt - plus they just allocated $1B spend on existing businesses this coming year
But who knows? It's possible WES offers $10 per share? Though highly unlikely in my opinion
LYC highly unlikely to accept any takeover offers now they have USA DoD support & Texas & Kalgoorlie operations & Mt Weld expansion coming online soon - and record profit announced
WES more likely to try for ARU or copper or nickel or more lithium juniors
Ann: FY22 Financial Results Presentation, page-65
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Last
$6.40 |
Change
-0.005(0.08%) |
Mkt cap ! $5.986B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $15.23M | 2.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 13365 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 15404 | 36 |
View Market Depth
| Last trade - 14.54pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |