why is lyc selling off?, page-136

Hi Qiktrade,

I appreciate your excellent commentary on Lynas.

In regards to small shareholders the annual report states about 145 million shares held in lots under 100,000. I attach an extract for comment (note HC has pathetic edit/paste facilities, and I inserted underlines to get column alignment).

Lynas annual 2010 report page 78 extract:

(a) Distribution of Ordinary Shares
The number of shareholders, by size of holding, of ordinary shares is:

Ordinary shares
____________________#HOLDERS__________#SHARES
1 - 1,000_______________1,627_____________1,118,968
1,001 - 5,000___________4,537____________14,009,826
5,001 - 10,000__________2,885____________24,023,281
10,001 -100,000_________4,522___________145,733,221
100,001 and over__________592_________1,472,113,797

Total on Register________14,163_________1,656,999,093

The number of shareholders holding less than a marketable
parcel of shares
________________________295________________37,340