The CR is all about business growth and expansion free of strings.
Amanda L was quite clear that other funding options were available but equity offers the only avenue leaving the company to determine its priorities.
As a very long holding shareholder, I am quite comfortable to wait another 3 years if necessary for the market to recognise LYC substantial first mover advantage. I suspect it will not take that long for vultures to surface, even WES threw its hat in at $2.25 to be thrown back in their face as opportunistic.
Positive cash flows even at lower NdPr prices are reasonably assured, so I find LYC to be a classic case of let the business and its extremely competent management and staff do their work, and the SP will look after itself.
Those looking for a quick profit, should not even be here.
GLTASH
Entitlement Offer, page-5
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |