re: Ann: ZSP: S&P DJ Indices Announces Septem... Dear all, despite we can consider a miracle if Lynas heads publish any positive announcement soon, meanwhile retail shareholders have to battle with water guns...
However, I am not quite sure what can be the effect in share price as a result of the recently announcement yesterday where Lynas has been removed from ASX100.
If you consider addition of Minerals Resources Ltd. In March 2013, the reality is that it dropped from 11 to 8AUD in a few months. From the addition in the ASX100 until july: 3/4 months, -30%!!!
Now, what if Hedge funds were waiting this exactly moment to repurchase their 200MM shares short? Big cap blend funds will probable unload and simultaneously who is going to buy? Guess. Just big volume with share moving downward-sideways.
Why this unusual volume this week; same week of addition/ removals in S&P ASX100? Wake up.
At he same time all this mess with pipes corrosion makes me wonder if Lynas has used it as an excuse not to sell at a normal pace since there has been a very weak demand in REE market. What is sure is that transparency in this company is quite limited and retail shareholers are not REWARDED not RESPECTED.
One of main Warren Buffett rules is:
Invest in a Company where you can trust management.
And management in Lynas has still a lot to demonstrate. Specially after the Crown affair a couple of years ago and substitution of loan facility by Mont Kellett convertible bonds.
Retail shareholders are swimming in white shark waters. Its lunch time in the dark deep sea.
Floating bones in best case is what hedge funds are trying to leave.
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Ann: S&P DJ Indices Announces September Quarterly, page-52
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