Wesfarmers has made a takeover bid for Lynas.
Lynas Corporation, Ltd. is an Australian rare-earths mining company, listed on the Australian Securities Exchange as a S&P/ASX 200 company. It has two major operations: a mining and concentration plant at Mount Weld, Western Australia and a refining facility at Kuantan, Malaysia.
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Wesfarmers at $33 provides a low risk entry level, short term growth is limited, we therefore suggest selling a covered call to enhance the income return.
Call our office on 1300 614 002 for more detail on the derivative strategy.
