LYC 0.87% $8.09 lynas rare earths limited

ARUInvestor,Nobody likes writing raging bull arguments about...

  1. 1,176 Posts.
    ARUInvestor,
    Nobody likes writing raging bull arguments about Lynas more than me. But Crown is a big issue in the stock right now.
    If we kill the deal, I will be even more bullish than ever and will express it in hopefully informed posts as well. And I will also pull out the Bundy No. 3 and throw some light hearted stuff out there too.
    But HC-LYC has done a great job as being the meeting hall for the Crown Keepers. I think victory is in our grasp. When it is achieved the HC-LYC pub can go back to the "fun old days" as well as far as I'm concerned.
    NC can see if he takes this much further he will be past the point of any forgiveness. His actions could alienate him with both companies and put him in ASIC's sights.
    I do not think he can hold on to the deal. I think he can see a counter bid might be announced which could expose the inaccurate valuations of the deal. This would be hard to overcome on either side.
    So he can instead say that Forge is pulling out for further evaluation to determine whether the REE's in Crown can be separated or recovered. This would kill the issue. Then Lynas can later say that the REE's were recoverable in pilot testing and the conflict is over without NC getting voted out.
    Meanwhile, Forge can buy Montero Mining's Wigu Hill or KRE's Cummins Range and JORC it to pick up the Performance Shares and earn Forge a legitimate place at the rare earth table.
 
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Last
$8.09
Change
0.070(0.87%)
Mkt cap ! $7.561B
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$8.15 $8.27 $8.08 $35.31M 4.353M

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No. Vol. Price($)
2 7192 $8.08
 

Sellers (Offers)

Price($) Vol. No.
$8.10 4833 2
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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