As a multi-year holder of a high six-digit number of Lynas shares and someone who still believes in the positive long-term future of the company, I, nevertheless, think agathos is doing some unrealistically wishful thinking for the short term (i.e., SP near $1 by Xmas?) -- especially in light of repeated reminders of how the Lynas management team is trying to line its pockets despite having diluted this stock by ~ 100% (i.e., from ~ 800 million to ~ 1.6 billion) and before having made a single cent of profit. As today's post-Appendix 3B announcement drop in SP again demonstrates, potential investors are rightfully reluctant to spend even $0.60 on a stock that has just issued another 18,000,000 employee options valued at $0.2342, and has a list of exercisable employee options that includes among others 8,100,000 shares at $0.11 two years from now and 18 million shares at $0.66 five years from now (and all these on top of millions of ridiculously low-priced options the senior management of the company is holding).
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As a multi-year holder of a high six-digit number of Lynas...
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