In my last post on this forum I had made the opinion that this stock had finally turned the corner and hence it was time to take a long holding and ride it for the multi year re-rating.
Unfortunately based on the reports from the company today, that opinion was very much unfounded, once again Lynas management have demonstrated their ability to take best in class remuneration packages, but deliver nothing in terms of best in class operating performance.
Sadly IMO the probability of a capital raising for the stock in the next 6 weeks is a 100% certainty. I cannot see how the company can possible fill the negative cash flow hole any other way.
Therefore while I had expected not to have to deal with this management team in a negative manner again, unfortunately I am back. If I do nothing more than stop only a single investor from being sold the dream and delivered heavy share price losses then the time and effort will have been worth it.
i was wrong
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |