It is in the interests of sub underwriters to maximise their...

It is in the interests of sub underwriters to maximise their allocations because of the $$$ to be made over coming weeks and months.

Depressing the price is one way to do this as is generating negative posts of forums like this. Having said that I must add that at least some of the negative posters on this forum do it for other reasons. Some of them seriously believe the company is not a good investment. I disagree. Lynas is poised to move from cash burn to cash flow and this should happen within the next six months.

The basket price is one unknown but to some extent at least, Lynas is insulated from the basket price because of their supply contracts. Even so Lynas is not for the risk averse investor. Lynas has been long on promise and short on delivery throughout its long history and I can see exactly why many of the one time bulls have staled out.

I have taken up my full allocation together with a parcel of rights I bought over past weeks.