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
This opportunistic bid at low $2s is rubbish. With all the...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.06 |
Change
0.020(0.33%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.03 | $6.08 | $5.97 | $17.39M | 2.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36085 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 17440 | 5 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |