As a multi-year holder of a high six-digit number of Lynas shares and someone who still believes in the positive long-term future of the company, I, nevertheless, think agathos is doing some unrealistically wishful thinking for the short term (i.e., SP near $1 by Xmas?) -- especially in light of repeated reminders of how the Lynas management team is trying to line its pockets despite having diluted this stock by ~ 100% (i.e., from ~ 800 million to ~ 1.6 billion) and before having made a single cent of profit. As today's post-Appendix 3B announcement drop in SP again demonstrates, potential investors are rightfully reluctant to spend even $0.60 on a stock that has just issued another 18,000,000 employee options valued at $0.2342, and has a list of exercisable employee options that includes among others 8,100,000 shares at $0.11 two years from now and 18 million shares at $0.66 five years from now (and all these on top of millions of ridiculously low-priced options the senior management of the company is holding).
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Mkt cap ! $6.458B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $3.202M | 462.9K |
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No. | Vol. | Price($) |
---|---|---|
11 | 1270 | $6.90 |
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Price($) | Vol. | No. |
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$6.91 | 10667 | 24 |
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No. | Vol. | Price($) |
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20 | 4968 | 6.870 |
16 | 14827 | 6.860 |
11 | 14011 | 6.850 |
11 | 33081 | 6.840 |
8 | 75839 | 6.830 |
Price($) | Vol. | No. |
---|---|---|
6.880 | 7346 | 17 |
6.890 | 9721 | 16 |
6.900 | 9235 | 15 |
6.910 | 28078 | 13 |
6.920 | 33372 | 12 |
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