I think any takeover action on Beach would see it go to $3 pretty quick, but it's been rerating for 6 months now having proven up its shale gas interests and SP has doubled on the derisking. I'm guessing the next 6 months for LYC will see similar rerating and with production to. I think Lynas will be there first.
Some TA thread a couple of weeks ago suggested you would'nt want to be in Lynas because of its weak chart, you should be in something like Beach instead because it had a strong chart.
I think any takeover action on Beach would see it go to $3...
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Last
$6.34 |
Change
0.210(3.43%) |
Mkt cap ! $5.926B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.37 | $6.20 | $16.32M | 2.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10131 | $6.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.34 | 65301 | 3 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |