"The placement price represents a control premium of 52.5% above the volume weighted average price of Lynas shares for the 30 trading day period prior to the date the binding Heads of Agreement was signed. Upon completion CNMC will be the majority shareholder with 51.6% of the shares on issue.""
This probably explains the trading pattern in the shares where it was trading in a very narrow range for a very long time. Every time it looked to want to break out, it just stalled...thats if you are a conspiracy theorist of course lol...
For those, like Alan Greenspan, who beleive in the efficient market theory, market manipulation cannot happen of course, thats why those Sub Prime Bonds were such good value lol
