Westfarners playing games or not interested anymore?, page-20

As I said right after WES tookover Kidman it is unlikely they have the resources to take over Lynas. I know Scoot said the banks would still support him. Lies of omission are easy the bank says we would support you taking overLynas at "price X" And Scott just leaves off the priceX.
Take a look at WES AR especially page 100. AUD 8 B incurrent assets. 10 B in current liabilities. Then look at non current assets. 13.5 B in good will whichis Intangible, 4.3 B in Intangible assets.

Now look at Kidman, their AR is not in 1000s . Book value is lessthan 80M so over 600M of more good will.
I know many on this board think my focus on standard Metrics isnot appropriate but banks and institutions tend to focus on these allot. I really doubt Wes could raise the money now to even fund their firstoffer.

Lynas has a book value AUD 461M to Buythem at 1.5 B means another 1 B of intangible good will. At some point the banks will not absorb any more risk. I think we are there. Look at numbers and decide for yourself.

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Wes AR https://www.wesfarmers.com.au/docs/default-source/asx-announcements/2018-annual-report.pdf?sfvrsn=0
Kid man AR https://kidmanresources.com.au/company-reports/
Lynas H1 2019 https://www.lynascorp.com/Shared%20Documents/Investors%20and%20media/Reporting%20Centre/Annual%20reports/2019/Half%20Year%20Financial%20Report.pdf