Lynas - will deliver in spades, page-38

You do realize that in the last few days AUD / USD is up to 0.65 this adds the FMV. so now the FMV is 0.65 X 7.90= 5.135

It is now 4:22 there is a 20 minute delay in both CF and DY since they are pink sheets so the prices should now be the closing price.it is 4.16 a whole 2.5 cents higher than LYC. If you do not understand how tracking stocks work go to Lynas home page and look it up. Lynas does not say a lot but they give links into Mellon bank who does a good job. No matter what the FMV of CF and DY is always LYC times the ex rate. they very a lot sometimes but if something happens to Lynas that is their value. Dividend will be same on both. If company closes or is bought what you will receive is the value of LYC times the EX rate on that day.

If you want to buy and sell LYC most brokers will do it and Fidelity and others have low fees. Just be careful often they convert your USD to AUS at rates that are worse than airports. So if you are going to hold for a long time this is not a big deal. if your in and out for less than a year it can be substantial.

Why do you say instrument rather than stock? Do you think it sounds more sophisticated?