the company last raised at 3c... they will now be raising around the 18c..so makes total sense...those that have had a 6 bagger can poor the profits back in and are free carried if they have played it well...
I suspect it will be massively over subscribed especially as it has the best grades and widths going around after only 6 holes of assays
They will probably use the full 15% raising capacity and raise $7-8m...
as brokers say... when the ducks are quacking... it is the best time to feed them!
I Spoke to the Geo and he was very pleased with the results and highlighted that there are considerable other targets of outcropping pegmatites and that due to the outcropping nature and shallow nature of lynas find there will be a much lower strip ratio than other projects..
This could be the start of something very large with high grades
the company last raised at 3c... they will now be raising around...
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