I bet that Morgan Stanley and our other major holders must be feeling mightily p@ssed off that MK might be positioning itself to take up a significant position in LYC at a significant discount to their entry price and at the same time dilting their positions. Could this explain the drying up of the shorts? Have they thought - hell we are essentially reducing MK's entry price? Can they do anything though about 15 October? I think not. It's Najib's decision alone and it's a decision beyond their influence- he certainly would not be taking them into his confidence on the matter. Seems to me that MK are very very smart and shrewd operators who read the politics far better than Lynas and MS.
LYC Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
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