LYC 0.63% $6.34 lynas rare earths limited

breaking news on spp el.al, page-14

  1. 30,924 Posts.
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    So, specky, you're saying that Lynas lied in the prospectus, where they made it quite clear that it would be the average price of the shares sold in the five days? Which, with the frenetic trading in the last two days would have raised the price of the SPP, and the placement, reducing dilution?

    Why would Lynas do that? If they have done that what are the penalties associated with lying in a prospectus? They used to be automatic jail terms for the promoters, but I suspect that things are a bit softer now ...
 
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