Not sure that the warrants had a lot to do with the crash, the sooner they are all cashed in the better in my opinion. They have to be exercised at some stage...
I think this was an opportunity to spread fear, particularly amongst those that endured the political campaign prior to the last election.
I see Mahathir election as a positive thing. He was always a keen supporter of Lynas the last thing he would want is to portray Malaysia as a sovereign risk.
Stops would have been triggered that then exaggerated the fall. The fact that the sp rebounded to be 12c higher than it was 10 days before the election shows great strength in my opinion.
If all the warrants are exercised before eofy then it will put valuable dollars towards what should be Lynas first full year profit.
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Open | High | Low | Value | Volume |
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5 | 24824 | 5.820 |
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Price($) | Vol. | No. |
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