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.
Hope you're right!The problem is Lynas is not mining coal, iron...
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Last
$7.73 |
Change
0.010(0.13%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.74 | $7.63 | $4.576M | 599.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 5863 | $7.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 7660 | 8 |
View Market Depth
| Last trade - 14.06pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |