To Toly: I think you understood exactly the point I was making. Thanks for your support a couple of days ago. Of all the contributors on this forum, I value your measured, knowledgeable comments the most.
To markco2: I agree totally with you about the value of Lynas now and the exciting future it will have. I want to be part of that future, exclusively in the REE field. However, I don't want to be in the position of having my shares forceably taken away from me under a compulsory takeover deal. Under the current law, if 90% of shareholders agree to a price offered under such a deal, the rest of us have no say and will lose our ownership of the company.
Right now, Lynas is 32% below its recent high of 270. Since that high, the Mt Weld concentrator has been commissioned; the Japanese have put their money where their mouth is to the extent of more than $270M to enable doubling of production; construction has continued unabated at the LAMP; the Malaysian inquiry has been completed with a favourable (IMO) recommendation due by the end of the month.
All of this points to the fact that Lynas is extremely undervalued (in a down market) at a time when all the hard work has been done and final product is only months away. If ever the company was open to takeover it is now.
All I am saying to people on this forum is "don't sell". Forget the FIRB, markco2. It would not deny a takeover from a company like BHP. What will deny one is a 10% core of committed shareholders who are here for the long term.
So don't sell. Use the low price to buy. That is what I will be doing leading up to the release of the Malaysian report. After that, I expect the SP will rapidly increase which will reduce the risk of a takeover.
- Forums
- ASX - By Stock
- dangerous territory
To Toly: I think you understood exactly the point I was making....
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.318B |
Open | High | Low | Value | Volume |
$6.76 | $6.81 | $6.72 | $16.83M | 2.487M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9162 | $6.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 5455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 750 | 6.730 |
1 | 776 | 6.700 |
2 | 5300 | 6.680 |
2 | 14900 | 6.670 |
1 | 1000 | 6.650 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 3857 | 3 |
6.810 | 1747 | 3 |
6.820 | 1800 | 1 |
6.850 | 301 | 1 |
6.880 | 4000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |