To address jukie's concerns about the small shareholder and the frustrations of others about delays etc. Here's what the ASX has to say about listing a company on the stock exchange.
"...the benefits an ASX listing provides to private companies seeking to grow their business with a new source of capital provided by the public equity market."
"...Amongst the key benefits ASX can offer its listed companies is access to international institutional investors via its series of road shows, operated in conjunction with the major investment banks and their clients in the US, UK and Asia."
The 2nd paragraph is key- there is no concern for the small shareholder.
Did the small shareholder conceive Lynas'idea to be a world developer of rare earths? Did the small shareholder conceive the technology to do so? Has the small investor negotiated with the ASX to list? Has the small investor negotiated with international representatives of governments? The answer to all these questions is no and that's why the small voice does not win out. If the small investor thinks they can do better- start your own company.
We have invested some hard earn or spare change and have taken a punt- riding piggy back on a company we think has a great idea to make money. We each have our motivations, beliefs etc.
Once a small investor starts using words like "hope", "faith" and other associated words, it is time to check yourself and why you have invested in the particular company.
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To address jukie's concerns about the small shareholder and the...
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