One of the posts I like most is Ausheads. Its the kind os post that give me hope.
However I sm not quite sure if we have to forget fundamentals.
Take Lynas balance sheet at 30/06/2013.
Now, take for instance AGM which will take place soon by end of October. Remember what happened in 2012 after Institutional capital increase at 0.75. Remember that?
I think it has been hardly discuss if Lynas needs a capital increase. Company has shown limited transparency until now. Probably it will.
In that case, suppose 150 MM were enough after all delays suffered. A new capital increase lets say at 0.35 through the back door for institutional investors (ie JP Morgan, Mt Kellett) would imply a further dilution to a NAV of 0.29AUD.
This is where we will end I guess. At 0.29 quoting price before year ends; a new -20% under present level of 0.365AUD..
LYC Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held
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