As I see it from the quarterly report issued on Friday, these are my thoughts having done some research over the weekend
1/ Although there are still some issues to be resolved at the LAMP, the down side risk has been significantly reduced.
2/ However the financial risk has increased significantly due the high rate of cash burn and as we all know, in business cash is king.
3/ It is now almost certain that there will need to be a capital raising which under the circumstance would need to be at a discount of between 25% and 30% to the market.
4/ The impact on the sp would be a double wammy with the dilution effect and the price falling to at or below the capital raising price.
5/ The prospects of raising would be almost impossible given that most institutions would see Lynas as toxic waist now.
From where I see it, $0.20 is a real probability in the next few days
as i see it
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.92 |
Change
-0.030(0.50%) |
Mkt cap ! $5.533B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.99 | $5.88 | $20.30M | 3.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 999 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |