Well well well
The Japanese see good value in Lynas at these levels. Another $200M for the balance sheet. I am a little bit annoyed at the dilution at these lower levels. But without JARE there would be no Lynas.
I do feel the company needs to make a further announcement about what their intention is with this money. We already have a billion dollars cash, a 400M undrawn line of credit with JARE, and for the moment are banking 100M approx per quarter from operations. So why are they taking this money?
I note the new addition of Tb and Dy to the supply agreement. Does this mean the money is for Texas and they are ready to push ahead with a heavy separation facility??
Doesn't solve the immediate licence issue in Malaysia so guessing no immediate re rate for the share price tomorrow.
Ann: JARE Extends Support for Lynas Growth Plan, page-3
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Last
$6.15 |
Change
-0.100(1.60%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.24 | $6.13 | $18.60M | 3.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21239 | $6.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.16 | 9771 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$6.16 |
Change
-0.100 ( 1.94 %) |
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| Open | High | Low | Volume | ||
| $6.24 | $6.24 | $6.13 | 894887 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LYC (ASX) Chart |