Eiger shares Wesfarmers’ faith in Lynas; shares could ‘double’
This article was originally published on Australian Financial Review.
Fresh-faced small caps manager Eiger Capital and $40 billion conglomerate Wesfarmers have almost nothing in common, but they do share a feverish enthusiasm for rare earths producer Lynas Corp.
Eiger is the brainchild of Stephen Wood, Victor Gomes and David Haddad, who join the Challenger-owned Fidante stable as a new, specialist boutique on Tuesday. Lynas is the target of a surprise $2.25-a-share offer from Wesfarmers, which wants to own the only supplier of scale of neodymium and praseodymium (NdPr) outside China.
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