LYC 1.98% $6.92 lynas rare earths limited

$4 club., page-2

  1. 117 Posts.
    oneforthe, your logic is refutable.

    Firstly if Lynas holds the Crown asset it can develop it at any stage in the future independently of REEs development. Lynas has already built up significant information on the Crown deposits and at a later stage with the substantial staff and capital resources of Lynas, progress the development of the Crown resources as appropriate.

    The sale of the Crown asset by our CEO Nic Curtis to Nic Curtis/FRG will be a big benefit to Nic Curtis and almost zero to Lynas. Who knows what the in ground value of Crown is, probably Nic Curtis.

    The value of the sale proceeds of Crown should make zero difference to the SP of Lynas, so much your realization of maximum LYC short term value. If the asset is held, the future value in the not to distant future could be significant, so there is much potential for holding Crown and virtually zip for selling to Curtis.

    Finally this proposed sale is like legalized insider trading. Curtis knows the value, shareholders do not.
 
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Last
$6.92
Change
-0.140(1.98%)
Mkt cap ! $6.468B
Open High Low Value Volume
$6.94 $6.97 $6.84 $15.53M 2.248M

Buyers (Bids)

No. Vol. Price($)
3 13835 $6.90
 

Sellers (Offers)

Price($) Vol. No.
$6.93 2500 2
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