All arguments are about the number of shares, again and again. Leave aside the share number, how much does Lynas worth as a business, if it has a net profit of +$100m ($25m+ a quarter)? Considering its unique position and prospective, it should worth at least $1.5b. Then, one can calculate how much per share using whatever share number.
Given the risk level they took last year, the bond holders would expected a return more than 5c or 10c. In other words, they wont sell their shares before 20c if they converted the warrant, IMHO.
All arguments are about the number of shares, again and again....
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |