LYC 0.58% $6.88 lynas rare earths limited

Approaching Sigh Time Again, page-42

  1. 814 Posts.
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    Thanks Ausheds.

    Fortress acquired Mt kellett and Fortress was acquired later on by Softbank Corp in 2015 if I am well informed.

    By today Lynas is well under control japanese radar.

    Fortress market cap is only 3bn.

    As far as I see it Japan doesn't care about shareholders. Their first purchase over 2 AUD many years ago is well paid right now and compensates convertion at 0.10c.

    Bright movement. Probably explains Fortress big jump in stock appreciation since january 2017.

    Only Lynas investment should be valued much more today that 2.5bn that it reached in 2011. But that s only one investment in the whole Fortress portfolio.
 
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