Fairfax today have reported the following - second paragraphs interesting, may have already been discussed.
cheers
We mentioned earlier that Lynas is up – now by 9.1 per cent to 12 cents.
The price movement is apparently ahead of the rare earths miner’s $30 million shareholder share purchase plan offer, which closes on Friday.
The offer, which is only available to existing shareholders, prices the stock at a discount of 17.5 per cent to the average price over the exposure period.
Also, there are reports that Chinese authorities are discussing heavier taxes on local rare earth producers and an announcement on the changes will probably be made during the second half of the year.
Read more: http://www.smh.com.au/business/markets-live/markets-live-china-data-cheers-20140522-38prm.html#ixzz32QI8o4sE
is the pressure cooker about to explode?, page-44
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