I'm undecided on this..first off results were slightly better than expected. But from what i can see this cap raise is merely going towards funding projects that were apparently self sufficient. There is no talk about JARE taking a slice, nor is there any commentary around the DOD contract. This looks like lynas just want to fund bau projects with shareholder and institutional capital.
Ann: Fully Underwritten Equity Raising - Approximately A$425M, page-3
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$6.28 |
Change
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Mkt cap ! $5.795B | |||
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