This opportunistic bid at low $2s is rubbish. With all the pre-conditions, you would have to think that Wesfarmers are having a lend of the market. What present Lynas investor would accept $2.25 per share with all the Malaysian issues ironed out. Surely in that situation we would be enjoying a price in the low $3s minimum.
I think Wesfarmers are just "dipping the proverbial toe in the water" to get started.
What would make greater sense would be for Wesfarmers to negotiate a deal to buy in to Lynas with an agreement to start building a new Lamp wherever it is deemed SAFE. After all they are full of cash.
cheers Jake
Wesfarmers Investment
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Last
$6.87 |
Change
0.000(0.00%) |
Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $6.96 | $6.82 | $12.62M | 1.754M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 24920 | $7.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.53 | 13986 | 14 |
View Market Depth
| Last trade - 10.00am 22/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
