LYC

0.87%

$8.09 lynas rare earths limited

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Wayward1

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10/07/17

00:25

Post #: 25758204
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Originally posted by ContraryJ ↑

Last time I made a statement let me turn it into a Questions. MT K is this big unknown as far as what they are planning to do. they have the ability to sell more stock than typically trades in a Week very Quickly. Though I know little about TA it seems to me a penny stock with a single holder that wants to recover cash from what so far has been a poor investment cash makes TA of limited value.

Poor investment When MTK did this deal other REE companies were paying 5 to 6% interest. Mt K provided funds at a very low rate expecting a nice gain on warrants for stock. Since then they collected the interest for about 2.5 years. For the last 1.5 years it has gone into restricted cash not MtK or been deferred with no interest till 2020. With the recent price rise, Both sets of Warrants. and conversion price being lowed to 10C there is the possibility that this will be one of the best deals they ever did. Looking only back in time this has been a very bad deal for MT K

Always know when you have little to contribute you go after spelling and grammar to fill in the gaps. So your first point is I misspelled bond, Interesting. Fortress never realy took over MT K they did a partial merge of some funds all unspecified and contributed 175M because the MtK funds werehaving serious withdrawals and they could not meet the withdrawal rate. You do not seem to get funds be they simple mutual funds or Private hedge funds. The managing company does not own the assets. The fund owners own the assets. The fund company just manages the assets and collects some very nice fees. In case of private hedge funds the fees are large even when they lose. When Two fund companies merge they cannot merge funds. They may chose to liquidate one and give share holders of that fund a discount in purchasing another. Some times this can even be done without tax liabilities. Depending how they are set up many funds cannot even vote the shares they hold. I like the way you bundled the mount K funds and made it all one. there were four separate funds with in MTK the management company

– Mount Kellett Capital Partners (Ireland) II Limited 138,238,006
– Lantau Overseas Master Fund II LP 4,572,282
–Lantau Overseas Master Fund II-A LP 3,151,876
–Vista Asset Funding (Ireland) Limited 4,037,836

When Mt K had their home page up you could see objective for each fund and what the requirements were to invest in them. MTK did not provide the $225M to Lynas the owners of the funds bought shares in funds and the funds provided the money. MTK is only the manager.

Comment on – Mount Kellett Capital Partners (Ireland). This is a partnership! Partnerships are usually set up by the general partners who each put in Cash. They then invite in many limited partners who individually put in much smaller amounts but collectively much more than general partners. Limited partners get no vote. If things go bad the general partners do ok the losses are born by limited partners. Funny thing about owning something with no say in how it is managed.

You also bundled the other three holders Fortress is
– FCCD Limited 17,500,000
– FCCO DAC 7,500,000
Again these are private funds.
People can look up the rest they are all there.

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"Though I know little about TA it seems to me a penny stock with a single holder that wants to recover cash from what so far has been a poor investment cash makes TA of limited value. "

Seems a strange remark given TA on Lynas, since 2011, has consistently out performed. Search my posts since 2011 both long and short. You would be measuring percentage returns in terms of multiples of 100. If you find returns that high of little value then it probably raises more questions about your thought process than it would the value of TA.

LYC Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $8.09		Change 0.070(0.87%)		Mkt cap ! $7.561B

Open	High	Low	Value	Volume
$8.15	$8.27	$8.08	$35.31M	4.353M

Buyers (Bids)

No.	Vol.	Price($)
2	7192	$8.08

Sellers (Offers)

Price($)	Vol.	No.
$8.10	4833	2

View Market Depth

No.	Vol.	Price($)
2	620	8.050
1	500	8.040
4	4222	8.030
1	100	8.020
2	742	8.010

Price($)	Vol.	No.
8.110	8945	1
8.120	22984	2
8.140	1000	1
8.150	3078	2
8.170	12051	2

Last trade - 16.10pm 08/11/2024 (20 minute delay)

LYC (ASX) Chart

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