So the offer is A$1.5b for Lynas, a 44% premium to yesterday's price.
Even a 44% premium to our stock price would only have the market cap just above $50m.
Sounds like Wesfarmers might value the access to the phosphate for their fertilizer business. ARU also have shedloads of that.
Interesting times.
Wesfarmers offer for Lynas, page-2
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12.5¢ |
Change
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Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $422.7K | 3.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 103 | 4486645 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1453366 | 10 |
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