Pretty good summary from Bloomberg. An absolute steal at the current offer, and plenty more upside to come.
I certainly won't be selling anywhere near the current price - the point made about the offer being conditional only on regulatory certainty for the medium term makes this offer seem ridiculous, as if Lynas meets such a condition, the share price should be at least double.
https://www.bloomberg.com/opinion/articles/2019-03-26/wesfarmers-bid-for-lynas-would-be-a-rare-earth-bargain
Opportunistic.......let the bidding war begin, page-8
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Last
$6.80 |
Change
-0.070(1.02%) |
Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.74 | $29.11M | 4.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11125 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 51963 | 5 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
