I hope many of the above comments are tongue in cheek.
Think of this:
- Nick sold the equivalent of 0.4% of the total Lynas share pool ...... trivial
- Nick ONLY has effectively another 47 Million shares left in Lynas
- Nick is also CEO of Forge Resources (FRG)(which just happens to own the company that is building the Lynas concentration plant)
- Nick was CEO of Forge at the float in September 2010, when he was allocated a meagre combination of 29 Million Shares and Performance Options, when the float price was 30c (it is now only $1.56)
- Nick has watched the "lacklustre" share price increase of only ~500% in 5 months (with the expected speeding ticket last month) (so say ~$1.20 price increase times 29 million shares = OMG)
- Forge is still in exponential growth mode
- Lynas is now in the top 100 and will now perform more like a battleship (than a speedboat), especially with bigger companies getting in behind it
- looking at Nick's asset base his sale of Lynas shares was trivial pocket money
- Nick wouldn't be blatently selling out before a price crash due to some unannounced problem because millions of dollars don't mean much when you are behind bars
Get over analysing the death out of Nick's pocket money sale and divert your attention instead to the global rare earth market and Lynas's position within it.
As always DYOR
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