LYC 0.64% $7.90 lynas rare earths limited

inferred value of crown deposit?, page-4

  1. 616 Posts.
    Agree that the main issue is not the movement of Dr. James Mathews.

    The issue is what this means as an implication to LYC, Crown, Coor and Swan resources.

    From the past history, suspect the worst and take out an insurance policy that will not be repeated.

    Agree with your point about assessing the value of resource. NC is not willing to do that. Raises the question why. This why is critical as any sensible person willing to sell anything that is theirs would have a valuer carry out the valuation before putting up a 'For Sale" board.

    He says it is not core to LYC. Singing the songs that engagement with the major shareholders told him to concentrate on LAMP and making LYC productive.

    So he thinks that is a green signal for him to sell to his own company in the name of good governance. The reason why it is priced at cheap as chips is 'IN THE ABSENCE OF ANY SUPERIOR OFFER'

    Dragon, have you ever put together a package for 21 million unless you happen to have it in your briefcase. I had seen the pain of a few good people who believed the execs and stood by while they were being roobed try to put together a package of $10 million together and could not.

    Not an easy task. If the 24% shareholders do not wake up now and put a full stop to this daylight robbery, this will proceed unhindered.

    No point in regretting after the robbery and then trying to run to the cops to file a case.
 
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