Hi guys I prefered to continue by this thread as there are alot of information here.
Today's new Westfarmers offer ($2.25 per share) to takeover Lynas is great news for Pensana.
The interesting part which is not much attention paid is that Fidelity Fund (FIL) is a major shareholder both in Lynas and Pensana. (I also posted this on LYC threads). I know LYC very well as I was emotionally connected to it 10 years ago. (you can see my posts there in 2009).
Fidelity Fund's major shareholding for PM8 was announced March 19 2019 . Just a week ago.
It's major shareholding for LYC is not very old either. It was announced in Sept.12 2018.
Apparently FIL paid for their LYC shares more than what WES is offering. I don't think they would accept WES's offer as major shareholder.
Anyway, it's all good for PM8 atm.
Here is the anns. regarding to Fidelity Fund's LYS substantial shareholding notice. You can see FIL's similar anns. regarding to PM8 holdings above.
PM8 Price at posting:
1.9¢ Sentiment: None Disclosure: Held
