Reading this deal it doesn't seem so bad. If Forge goes well, Lynas can basically purchase a large share of the company at bargain basement prices. All the while, collecting royalties. In the meantime, we could get a really sweet share price offer for Forge that could net instant profit.
The main thing that concerns me is the low sale value of this deposit. As other's have mentioned, the 20 million isn't worth the time. I'd much prefer a shareholder vote on whether or not to list on NYSE!
Reading this deal it doesn't seem so bad. If Forge goes well,...
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |