Hope you're right!
The problem is Lynas is not mining coal, iron ore or (dare I say it) uranium. Its product is unavailable outside China, is in heavy demand and there will be no realistic competitor for some time. One year's income at 3 billion dollars equals the current value of the company. All the hard work has been done. Why wouldn't a company like BHP seriously consider a takeover? They could write out the cheque without even speaking to their bankers.
Unfortunately, I may be right.
dangerous territory, page-3
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Last
$6.29 |
Change
0.010(0.16%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.39 | $6.39 | $6.25 | $15.56M | 2.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16021 | $6.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 18021 | 4 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |