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!
So by now I presume the market is fully informed about the...
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$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| LYC (ASX) Chart |