LYC 0.63% $6.34 lynas rare earths limited

Ann: Sojitz Facilities, Placement and Share Purch, page-4

  1. 805 Posts.
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    re: Ann: Sojitz Facilities, Placement and Sha...
    Agreed a good announcement.

    Market was expecting $250m to be raised with 40-50% equity.

    Instead $350m raised, only $100m of it is equity, and $20m of that is from present shareholders.

    All at a minimal discount of max 5%

    Win, Win, Win.

    The delay to the concentration plant was the big downside. They must have known about this for a little while. Disappointing disclosure.
 
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