LYC 1.48% $5.98 lynas rare earths limited

Questions..., page-5

  1. 1,268 Posts.
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    I understand that reverse splits are not viewed favorably by the investing community. This is true for most companies, reason being that most companies considering a reverse split are trying to get the share price up to meet market listing requirements. A company with a rapidly falling share price may need this tactic but this doesn't apply to Lynas...

    Lynas is a growing company that IMO is suffering from too many shares (3.5B)... Many of the mining giants have fewer outstanding shares, like Freeport McMoran with 1.45B, Rio Tinto with 1.8B...

    BHP with 5.3B and Vale with 5.15B outstanding shares have more than LYC but these companies are showing revenues in the tens of billions of dollars...

    A share 1-10 share consolidation would drop the outstanding shares to 350M shares while at the same time (in theory) rising the share price by a factor of 10. While the increased share price would be nice (~$.82/share), psychologically 350M shares appears much more manageable for a company that is steadily growing...

    Of course this is my opinion but Lynas is a unique company that has been making excellent tactical decisions. Share consolidation could provide the traction we need to get the share price rolling... A reverse split would give Lynas the visibility and attention it deserves... JMHO...
 
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Last
$5.98
Change
-0.090(1.48%)
Mkt cap ! $5.589B
Open High Low Value Volume
$6.06 $6.11 $5.98 $17.19M 2.859M

Buyers (Bids)

No. Vol. Price($)
10 79108 $5.98
 

Sellers (Offers)

Price($) Vol. No.
$6.02 17678 2
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
LYC (ASX) Chart
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