LYC 1.16% $6.98 lynas rare earths limited

I do not know what caused the one day rally in NdPrO. what I do...

  1. 7,287 Posts.
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    I do not know what caused the one day rally in NdPrO. what I do know is many of the Oxides had NAN instead of a price. I quick review of SMM REE articles For April gives no reason for Mondays activity. I can not say you are wrong about Yellen but I find it a huge stretch. Tuesday prices and the NAN in the price tables make me believe it was computer or reporting related. We will know in a week or two till then it is pure speculation.
    Why was Wesfarmers trying to steal Lynas? It's price was very high when compared to Revenue, Bookvalue, Profits, on a per share basis. The stock market confirmed this by the SP being below AU2.00 before the offer. and below AU 2.00 shortly after offer was withdrawn. No other company bid on Lynas which usually happens when some one is stealing it. What data do you use to say they were stealing it? A few months latter many people on this board were hoping WF would come back. they wanted 2.25. What do you think would be a fair take over price to day and why? Using standard metrics My guess it would be well under $5.00. During takeover book value is very real considerations. Any thing paid above Book is considered GOOD Will and no companies want large amounts of GW on their books. a Stock price of $5.00 x 934M shares= a price of 4, 67 B Lynas's book value is 2.2B. PG 18 SAR, So a $5.00 price would be about twice the GW as WF would have incurred. Earning are dropping rapidly why would any company pay more than book for a company with declining earnings? Here is a chart for you to consider. Yes price might soar if REE prices go up. People do not loan or invest money on hope. Try going to a bank and have them give you cash to buy a car you have not bought yet. They want the car title before the money.



    https://hotcopper.com.au/data/attachments/6090/6090782-a8813be3c08db46096dabf6898278e16.jpg




 
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Last trade - 13.40pm 16/05/2024 (20 minute delay) ?
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