Can’t say that Wesfarmers was anything more than a rank outsider IMHO to take a shot at Kdr.
However, them having a go at Lynas does fit my theory that the “big end of town”, at least the smarter ones, are seriously looking at acquiring undervalued resources in “new age” mining stocks...Yes, Lynas has “issues” but why wait until they are all sorted and pay a much higher price? I haven’t read the WES announcement but there appear to be a few “conditions”, and that is only normal.
BHP, RIO, GLENCORE or FMG...
Or any number of companies already in the Lithium space...
It’s just a matter of time imho...
KDR Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
