LIN 4.35% 11.0¢ lindian resources limited

Peer comparison - size and grade, page-6

  1. 4,511 Posts.
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    Back in Dec 2017 when Lynas share price was 20c a poster from USA stated the following....." I think the consolidation was an extremely smart move, because the major investors are not even aware of its existence, since they won't give a second consideration to any penny stock."

    Lynas went on to consolidate on a 1 for 20 basis.

    So it is pointless for posters saying look at the LYN shareprice jumping from 17c to over $8 without checking all the facts. Consolidation overnight pushed the shareprice into the plus dollar range.

    Will LIN shareprice go to dizzy heights? YES. But be patient as we still have a long way to go with raising capital, building infrastructure, offtakes etc etc.

    Will LIN consolidate its shares? I believe it will at some point in time before it goes way over a billion shares. Since a higher share price seems to attract Institutions and Fund managers it will be a positive move to consolidate.

    In the meantime we await more news re the drilling program results.
    Last edited by Alexandria07: 10/01/23
 
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