Ann: Share Placement To Raise $2 Million, page-9

Wow
Issued at a PREMIUM? How often do you see this. Wheres the well deserved discount?
This is the first raise in 3 years LIN management havent taken all the raise for themselves and collogues.
I wonder why.

Dangling 1 option per 2 shares to get holders to take it?
I can see why too.

Maybe I got something wrong here. If so please correct me Alexandria. But you have never yet so far.

If LIN shares reached that option price the market cap would be $110 million!!!
Plus they need to raise another $30million still to purchase!
How can you ever justify $140million market cap??

Even at current sp and taking into account cash and this raise they are around equal in market cap of $110million market cap.
PEK is $84 million($98 ill minus $14million in cash)....so how can they justify $110million for LIN when its 10 years behind an $84mill project???!!
See https://hotcopper.com.au/threads/lin-versus-peers.6770125/

Further PEK has invested a fortune in capital to reach where it is and far more advanced, larger lode, better REE profile, Teeside separation, some of the worlds biggest JV partners in the sector, BFS, FS, etc etc.
They are alsoin Africa, taken 10 years and they still dont have a mining license.
10 years and all that work is a ton of capital LIN still has to invest ONTOP of this market cap they are at now to become comparable and PEKs Current resource is only 1/10th inferred of what PEK has now (while halting drilling as they already have a 20 year mine life)
Whats worse is we dont even know the BFS, extraction rates, FS or have ML In fact we dont even know if the lode is viable to mine yet let alone if we can.

We do have insight to see LINs resource so far appears to be mainly Ce and La which isnt going to make $$ compared to other REEs many other majors must have. Ca and LE earns you chump change. There is no sole Ce, La producer on the market. They make money from their other REEs extracted. How could LIN even afford to operate with a low basket price potentially under opex?
Monzanite is usually refractory extraction and so the opex is generally high.
We have a lot yet to discover but can anyone tell me how this resource will ever get off the ground?
PEK also has mozanite resources but havent even considered them over their Ngualla deposit with exceptional Praseodymium and Neodymium 40% recoveries.
When a company has monazite and ignores it it says something.
Only monzanite miner I know is Iluka. Who mined it as a byproduct and dumped it as waste. Now given its just sitting their they are selling it. But its obviously free for them to do so. Otherwise wouldnt they have mined it in the first place rather than making it waste?

Ce and La youll get 1/25th the price youll get for Praseodymium and Neodymium. It wont pay for a high refractory Opex.

How can anyone with a simple comparison with the closest comparable current more advanced REE players even consider paying this amount when there are far more advanced, secured and cheaper options out there.
I may be wrong...but how??

This sounds like a house of cards and I really hope LIN doesnt blow it to watch it all collapse with again Alexandria pompom recomending fortunes at the peak before a collapse to 1/5th the price just like he did last time for LIN in 2019.

Tell me where this analysis is wrong Alexandria. Rather than pompom ramping absent any substantiation.