LYC 2.90% $6.37 lynas rare earths limited

Glad to see some of the posters picking the issue up and...

  1. 168 Posts.
    Glad to see some of the posters picking the issue up and querying the management - it is, again, half an announcement. Yes, important - the offtake agreements out of the way and I was one who thought they would have trouble providing a home for their Cerium. However the announcement does not advise that all conditions precedent to drawdown are finalised. Nor does it say they are not - but it would be useful to know what CP is actually outstanding - to me it is clearly more than just a customary banking cp.

    Equally, good recent support from directors, so probably under control.
 
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