This opportunistic bid at low $2s is rubbish. With all the pre-conditions, you would have to think that Wesfarmers are having a lend of the market. What present Lynas investor would accept $2.25 per share with all the Malaysian issues ironed out. Surely in that situation we would be enjoying a price in the low $3s minimum.
I think Wesfarmers are just "dipping the proverbial toe in the water" to get started.
What would make greater sense would be for Wesfarmers to negotiate a deal to buy in to Lynas with an agreement to start building a new Lamp wherever it is deemed SAFE. After all they are full of cash.
cheers Jake
Wesfarmers Investment
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Last
$6.07 |
Change
0.020(0.33%) |
Mkt cap ! $5.673B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.09 | $6.02 | $35.62M | 5.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298927 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 30108 | 3 |
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