"The Chinese must raise prices", page-12

Already posted that the deal was much better than anything I expected. No they did not get wiped out and I am happy for the many holders. As far as rambling post on Japan maybe it did not make my point but the point was Westerns tend to feel like people in all cultures make decision using the same logic as we do. They don’t. To say prices have to go up is logical and I actually think they will. IN fact I have thought they would go up soon for over 2 years they continue down. I do not claim to have any understanding of Chinese logic or desires, What I do know is that if a westerner says someone will do something in another culture using western logic it is not a sure thing. Not wrong either, just lots of room for questions.

Sorry about missing Jack, I read first few lines and said this is not new and figured it was a wrong link. My Bad. Cannot argue with Jack about prices going up, After my being wrong about prices so many times I do not see it as a sure thing at all. For 6+ years I have listened to Jack down companies that will not pay for his advice and rave about those that do. MCP dropped him as a consultant and GWM picked him up. Overnight MCP went from Great to bad. GWM became great. GWM Dropped him Ucore picked him up and all of Ucore’s problems of tunnel mines. Hard rock and about 1% ore concentration became insignificant. Do you realize that thought Ucore ore is rich in heavies that Lynas actually has more HREE as a percentage of ore. Pit mines are much easier to mine a ton of ore from than tunnels.

I have been wrong allot. The one thing I know is admitting it is the best way to learn.

As far as deal goes It amazes me Just how good it is. I have not seen much about this and I am not sure why. The new options price and quantity and bound conversions 0.10 were carefully picked by all three parties. If Warrants and bounds are all exercised then the Money from Mt K goes to JARE and clears debt from both sources. A higher price on bound option would have done same thing but the two warrants give Mt K a chance to make some money if price is not over 0.10 in 2020. Be interested in your number but I think they would only need an ASP price rise of 20% to be assured a 0.10 price. I firmly believe in four years this should happen, No guarantee.

The stock holders did much better than I ever expected. But I am surprised that you are happy with a 50 % dilution.