LYC 2.89% $5.69 lynas rare earths limited

IMHO - understand your frustration. There appear to be many...

  1. 8,880 Posts.
    lightbulb Created with Sketch. 30
    IMHO - understand your frustration. There appear to be many unwritten rules on HC, and sometimes we fall into these traps.

    It will be interesting, if there is another CR at around the 2c level, to see the super positive posts about how good it is, as LYC would have yet another 6 months of grace whilst waiting for REE prices in increase. Not sure how much they may attempt to raise, but $40m would add up to 2b more shares. There would have to be a very good deal to entice SH to partake after the last fiasco of a CR. Maybe an option of 1kg of CE with every 100 shares to kill two birds with one stone.

    I suspect that the lenders and bond holders agreed the last deal on the basis of LYC raising another chunk of working capital. I would think this finance would have to be in place before EOY accounts are signed off by the accountants

    Still we many be surprised next week when the 1/4 is published, and LYC may be making good profits?
    Last edited by cafa: 19/04/15
 
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