LYC 0.30% $6.76 lynas rare earths limited

I can't believe the level of morbid debate of an announcement...

  1. 215 Posts.
    lightbulb Created with Sketch. 76
    I can't believe the level of morbid debate of an announcement that has yet to be made, and a lot of the negativity from people that don't even hold stock, why they would care - God knows.
    I must have read a different announcement: they have indicated that there is "Market Sensitive Information" coming - part of which is a "Financing Deal"
    If the Pattersons info is correct (and it probably is) and the Lynas uptake date for rights is not until later this month for $30m raising, they must be fairly confident of something else.
    It's that "Something Else" which people should focus on from this pending announcement.
    $40m for Lynas is chicken feed - I believe something else is coming with this announcement - and my bet is a long term debt restructure, which will secure Lynas.
    Good Luck to all of you who are legitimately caught up in this, I believe a resolution to this inertia is upon us.
    cheers Jake
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.76
Change
0.020(0.30%)
Mkt cap ! $6.328B
Open High Low Value Volume
$6.76 $6.81 $6.72 $7.816M 1.153M

Buyers (Bids)

No. Vol. Price($)
27 11092 $6.75
 

Sellers (Offers)

Price($) Vol. No.
$6.77 7827 16
View Market Depth
Last trade - 14.34pm 06/09/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.