LYC 0.80% $6.30 lynas rare earths limited

re: Ann: Sojitz Facilities, Placement and Sha... Mattry asks Is...

  1. 352 Posts.
    re: Ann: Sojitz Facilities, Placement and Sha...
    Mattry asks
    Is this a good option?
    I say in m opinion imho YES
    What could be negative about it?
    I say - not much if you hold for 12 minutes or 12 months or more you will make some dough.
    If the Lynas SP is eg $2.50 on the 21st April do you still get them at $2.07??
    YES!

    If the Sp is $1.50 on the 21st April do you still pay $2.07??
    NO -
    you pay "the lower of the price paid by institutional investors under the Institutional Placement and a 2.5% discount to the volume-weighted average price of Lynas? shares on a date following the close of the SPP offer.

    I believe this means that you pay whichever is the lowest price.

    all above IMHO
 
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$6.30
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