LYC 1.02% $6.94 lynas rare earths limited

trading halt, page-36

  1. 1,819 Posts.
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    BytheBay - Agree 100%

    Announcement is 1 of 2 things.

    1. The Sojitz deal has been deferred due to Japan disaster so a capital raise is required to offset the funds they had allocated from that which were partly due this month

    2. They have forward sold product for funds to advance/ increase production rates and time lines

    Either way it is good imo. Clarity is always a good hting re funding.

    All posters thinking FRG stop as this announcement is not related.
 
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