So by now I presume the market is fully informed about the cabinet meeting on Friday (tomorrow or next Friday?) that will hand down a decision on WLP handling. Given the market reaction to this news it seems the market is not confident in a really positive outcome for Lynas.
The market loves certainty and it seems we are now certain to get a decision soon and usually this would support a price. Yet the price is struggling which indicates to me the market expects a neutral to slightly bad result for Lynas. Probably something like an additional 24 months to remove the WLP.
That being the case surely the September licence renewal becomes a fait accompli and that would send the SP north of $2.50. But that isn't happening now.
WES offer or no, I don't understand the share price behaviour!
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 7.640 |
3 | 20260 | 7.600 |
1 | 3000 | 7.550 |
2 | 2833 | 7.500 |
1 | 2000 | 7.430 |
Price($) | Vol. | No. |
---|---|---|
7.840 | 293 | 1 |
7.850 | 6064 | 3 |
7.870 | 2000 | 1 |
7.890 | 8800 | 2 |
7.900 | 24269 | 7 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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