I sincerely doubt MT K will even get to the 10% level so no stock holder approval will ever be needed. They are a hedge fund not a Lynas investor. They will exercise the 3.8 options and sell immediately then 0.05. And sell them. Then the convertible bounds in several blocks. Most sales will be prearranged with large investors before they Buy. There is no option for Lynas to buy back bounds after stock goes over 0.10. To buy back the bounds Lynas will have to pay 0.10 plus the current Delta between 0.10 and the stock price and this only if Mt K agrees or after September of 2020.
Pay off JARE. they can make 22KT a year. They are breaking even right now with an ASP of $17. 00 So lets say a $1.00 increase in $ASP creates 22M in profit. Now you tell me how much REE has to go up to to pay off Jare in a couple of years. How do you find your statement reasonable?
Wow $0.63 share. at a PE of 10 that 6 cents a share. with 6 billion shares That's 360 M $ profit.
at 22 KT they would have to have to have average sales price of $ 33. REE prices would have to double pretty darn quick for that to happen. Note I am assuming MT K is out if price gets over $.20
Please do not misunderstand me I am not downing the stock. I am still buying. Some of these predictions I am reading are just crazy. If people have unrealistic expectation it makes for a very volatile stock which is much harder to make good money on. Many people will have doubles triples and even 4 x in the mid teens, Even those that buy in the next month or so could see 2 or 3 X. There is little to gain by putting out unrealistic numbers. You want to attract buyers show how the stock could be at $0.15 ( which I believe will happen) not a crazy $0.63. If it gets to $0.25 then show $0.60. Right now this stock needs buy and hold SH. If someone buys expecting a $0.60 price in two years and the stock goes up 10 cents a year they will be buy and dump. A stable $0.17 a year from now would make me very happy. A stock bouncing between 10 and 20 cents would drive me out.
LYC Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
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