LYC 0.46% $6.47 lynas rare earths limited

LYSDY...

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    A note to the US LYSDY holders... Don't be surprised to see a 5% commission levied as a "mandatory ADR fee" to "convert" (move a decimal point) shares to the new ADR... In addition, my bank levied a $50 ADR management fee to cover the administration of the mandatory 5% ADR fee...

    It happened to me in all my accounts and I am not quite sure if I am happy with the apparent greed of the banks when they helped themselves to 5% of my position. It's no wonder the little guy hates big banks...

    BTW, I don't own LYSCF, does anyone have any color on that conversion?
 
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