On 29 Sept 2014, Lynas raised cash through a 5:14 entitlement offer, with on free 9 cent option for every two new shares subscribed for.
The latest option exercise date was set less than 12 months into the future at 15 Sept 2015. At the time I thought that to be too short a period and should have been 15-18 months out from issue date (but I guess LYC Board were driven by a desire to get the option exercise funds sooner).
The result was that LYC turnaround had not happened by 15 Sept 2015, and only 1million options were exercised. 730 million options expired worthless.
Fast forward less than three months to now, and the options would be well in the money, and exercising of them would produce $65.7 Million for LYC.
IF ONLY.......
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On 29 Sept 2014, Lynas raised cash through a 5:14 entitlement...
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Last
$5.69 |
Change
0.160(2.89%) |
Mkt cap ! $5.318B |
Open | High | Low | Value | Volume |
$5.51 | $5.72 | $5.51 | $34.45M | 6.117M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 75089 | $5.68 |
Sellers (Offers)
Price($) | Vol. | No. |
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$5.70 | 63441 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19345 | 5.680 |
2 | 37342 | 5.670 |
3 | 15027 | 5.660 |
5 | 55273 | 5.650 |
2 | 16818 | 5.640 |
Price($) | Vol. | No. |
---|---|---|
5.700 | 11000 | 2 |
5.710 | 56174 | 4 |
5.720 | 10943 | 5 |
5.730 | 23295 | 6 |
5.740 | 47044 | 4 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$5.70 |
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Change
0.160 ( 3.08 %) |
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Open | High | Low | Volume | ||
$5.55 | $5.72 | $5.53 | 1881896 | ||
Last updated 15.59pm 28/03/2024 ? |
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