Hi All,
The best way that the management and Board of Lynascorp can show their confidence in the company and its future prospects is to purchase shares on market. Provided we are not in a "blackout period" where directors and employees may not trade in the securities of the company.
I refer you to the Lynas Share Trading Policy which is on their website www.lynascorp.com under corporate governance.
Section 7.1 The Chairman and Secretary will generally allow directors and employees to deal in the securities of the company as a matter of course( unless there is in existence price sensitive information that has not been disclosed because of an ASX listing Rule exception) in the following periods:
1. Within three weeks after the release of annual,half yearly or quarterly results
2. Within a period of three weeks after the annual General Meeting.
3. Within a period of three weeks after the company issues a prospectus
6.1 A director or employee MUST NOT DEAL in securities of the company UNLESS:
1. They have satisfied themselves that they are not in possession of any Price Sensitive information that is not Generally available to the Public
2.They have advised the Chairman, in case of the Directors, or the Secretary in the case of employees of their intention to do so.
3. The Chairman or Secretary has made appropriate enquiries of the other Directors.
4. The Chairman or Secretary has indicated in writing that there is no impediment to them doing so.
So I challenge the Lynas Board and especially the Chairman update the market so that we are all on a level playing field and show your faith in the company by buying Lynas shares on market. Put your money on the line with the rest of us punters.
regards
jukieoz833
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