I am quite surprised that the company is openly lying now to both shareholders and the ASX by stating, that the SP started falling before the result of the court case.
That is not the case: the SP fall correlates on the minute with the tweet on Fuzziah.
That the company then took 3 or more hours to inform the market does not mean that the SP crash had nothing to do with the court case, it has all and everything to do with the glacial speed of Lynas' PR department.
However, as Lynas informa us, that it is not part of the further proceedings and more or less guarantees that the 4. Oct court case will under no circumstances impact on the future business of the company, I expect Lynas to financially re-imburse us, should the outcome be detrimental to us shareholders.
Nice, a company actually GUARANTEEIGN A STABLE OR HIGHER SHARE PRICE in light if court proceedings. That is a first in all my time as an investor anywhere.
LYC Price at posting:
82.0¢ Sentiment: None Disclosure: Held
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