capital raising, page-44

efed

you fail to appreciate:

1. Nick may not have been in a position to Cap Raise prior to the Interim Stay Order being lifted. Sure he has been in discussion with Instos prior. How long could Nick have kept discussions sunder "wraps" and indeed how does one escape from ASX disclosure rules?

2. What SORT of institution would have lent Lynas the money with an injunction hanging over it? There are sharks and there are the vultures in the Corporate Lending world. It comes down to the lesser of 2 evils. Chances are Nick would have had to broker a deal with some VULTURE insto at ROCK bottom prices with an injunction hanging over LYC's head and an interim stay order.

3. The Market (both retail and insto) were aware ( the instos MOST aware) that Lynas required Capital. With this uncertainty hanging over LYC's SP - how would the SP have gained any REAL traction given the instos ARE the MARKET MOVERS?!?!
4. For those that say this should have waited until the sp had a chance to get some traction following yesterday's ruling - the global market waits for no-one and with talks of a "fiscal cliff" and the EU crisis still hanging over global markets, along with recessions in many countries, the danger of credit markets being squeezed or frozen at any time looms. Therefore there is always a danger if a company is to wait to go to the Corporate Lending market, funding may not be that easy to come by in the future...

5. At least retail investors/traders have been given an "IN" to the SPP and at a DISCOUNT - it is all that Nick and his team could do it would seem, given the constraints of business.

6. Now at leas Lynas can on with the business of doing business and most importantly PRODUCTION. The risks are still there as with in any soon to be producer, at least one risk has been minimalised ie that of funding.

IMHO