LYC

0.78%

$7.76 lynas rare earths limited

Ann: Ceasing to be a substantial holder, page-12

First 12 Last

Share
Profile

Follow
Pennie

816 Posts.

404

10/08/17

01:57

Post #: 26403546
Share

Originally posted by ContraryJ ↑

I am going to use BS to represent stock from bond conversion, WS for warrants bought stock. Fist only BS was sold. First surprise is that it sold for 11.25C. $37.500M / 333M BS shares. This gives buyer quick gain and if sold, profit, while giving MTK little for the time the money was invested. This raises 10C a share with no taxes because it is purchase price. 1.25 C of long term gain. MT K is not hurting, there is plenty to be made from warrants. No warrants were sold. I still think MT K plans to make allot on warrants. There strategy seems to be sell BS to raise cash with little tax impact. Hold WS for long term gain.

The four Mt K funds own 67% of total bounds and Warrants. 150M / 225 M.
At this point I think it is clear that those represented by Mt K just want their money no equity.
I think the buyer(s) plans to sell but I have no proof. If he sells these share over 6 months at an average of 14.25 Cents That 3 C profit. On and investment of 11.25 0r 3 / 11.25 = 26% now if the sales occur evenly over 6 months that means the average share was held for 3 months. 26% X 4 is 104% annualized rate of return. That is fantastic for anybody. So I think we will see these sold as fast as possible without killing stock price then the process will be repeated. We may see MtK do some more WS fairly quickly to have the long term clock started on as many WS as possible. Even selling at 12.25C / sh gives buyer (s) a 35% annualized return.

IF it takes 6 months to dispose of 333 BS Then all the BS would be done just before Sept 2020. 6 months is just a number I made up. We will have to wait and see.

Sure wish we see some reported activity by others so we could see whole picture. They may be waiting to see how Mt K does then do just $15M of the BS. Since there are over 4 B shares now this would keep them below the reporting threshold while actually doing much more than MT K on a % basis.

Expand

"I am going to use BS".

U usually do CJ, loads of it.

Last edited by Pennie: 10/08/17

LYC Price at posting: 16.0¢ Sentiment: None Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 31 more messages in this thread...

First 12 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $7.76		Change 0.060(0.78%)		Mkt cap ! $7.253B

Open	High	Low	Value	Volume
$7.72	$7.90	$7.70	$22.34M	2.868M

Buyers (Bids)

No.	Vol.	Price($)
1	4481	$7.76

Sellers (Offers)

Price($)	Vol.	No.
$7.78	14225	2

View Market Depth

No.	Vol.	Price($)
1	4481	7.760
5	21873	7.750
2	19149	7.740
2	17907	7.730
1	11495	7.720

Price($)	Vol.	No.
7.780	14225	2
7.800	10000	1
7.810	26200	2
7.820	5616	4
7.830	11725	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

LYC (ASX) Chart

Ann: Ceasing to be a substantial holder, page-12

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Ceasing to be a substantial holder, page-12

Top Stories

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News