LYC 1.30% $7.61 lynas rare earths limited

sell to forge, page-23

  1. 106 Posts.
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    I first invested in Lynas back in 2005 and one of my main reasons for this investment was the Crown Deposit, see the following presentation back in November 2005, after all back then rare earth prices was nothing compared to today.

    http://www.lynascorp.com/content/upload/files/AGM_Presentation_30Nov05.pdf

    Since that date, every year Lynas was doing scoping studies etc without revealing the facts from those studies other than saying it was viable for a 35 year mining life.

    I'm also aware of rumours of NC trying to IPO it off to his friends (Brokers) some years ago and I've become suspicious of his motives ever since. I am in the industry for me to be aware.

    The Crown Deposit is valued at $30m to Forge I would hope ALL the facts and valuations prepared over the years by Lynas are revealed to shareholders to form an informative view as to this valuation.

    After all, the only person in my opinion who benefits the most is NC by his respective shareholdings in both Co's and he only knows the true worth of the Crown Deposit.

 
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