and who did Lynas give control to ... ah yes that's right they listened to their broker instead, on more than one occasion it would appear and what do Lynas have to show for it - not very much ! so much for them keeping control
last Lynas capital raising I recall Lynas raised $83M and paid $5.4M of that is capital raising costs - my guess is most of it went in broker underwriting fees
if you think that's a great model to work and aspire to then good for you
I much prefer the way NTU have gone about things, minimizing dilution and cutting out the middle man (the broker) by going direct to the funder (the Chinese) and best of all for us NTU shareholders those shares don't find their way back onto the market in a hurry.
oh and did I mention that we are also benefiting from the Chinese rare earth industry experience - yes those Chinese Labs specializing in rare earths are available to us to ensure our project is "worlds best practice" in terms of rare earth production and processing
"worlds best practice" in terms of rare earth production and processing
think about that
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