We'll see if you still think so in 3 months time.
True every conversion is a transfer of 10c from debt to equity and there were a few of them lately, not unlike doing a CR every 2-3 weeks . But with assets going up by 10c/share so does the number of shares on issue, in fact over the past 6 months or so the number of shares on issue went from around 3.5 Billion shares to about 5.5 Billion shares and is just the beginning.
Another 1.2 Billion if the rest of the bonds are converted @ 10c plus 270m odd warrants at $0.05. And then there is the JARE
Who, what where ? Here are just 2 of them listed on ASX,
https://hotcopper.com.au/threads/an...erence-presentation.3825501/?post_id=28652154
https://hotcopper.com.au/threads/an...-timing-for-ngualla.3740928/?post_id=27752589
They may not have a processing plant
yet but even so they can still dig it up dirt and ship it out to China for processing at a profit even at last year's NdPr prices and without having to put up with this cr@p
http://savemalaysia-stoplynas.blogspot.com.au/
or attempting to dispose of radioactive waste by turning it into soil conditioner.
More importantly
Can LAMP turn a profit at last years prices or does it need the current NdPr bubble to break even / make a profit ?
Will they have the license to operate renewed when it expires on Sept 2019 ? Not sure that attempting to bully the local MPs is going to help with that,
https://www.thestar.com.my/news/nation/2017/07/29/lynas-on-fuziah-statement/
LAMP may have some NdPr "on allocation" but if you heard that you would have also heard the plant is now running above designed capacity with all maintenance shutdowns postponed. Is that because they expect NdPr prices to fall in the future and are trying to make as much hay while the sun shines or is it because they worry about having their license to operate renewed and don't mind running the plant into the ground ?
If the treehuggers have their ways LAMP could easily end up like its predecessors ARE & MAREC and Lynas left with the site rehabilitation costs.
Anyway enough about the downsides of LYC and looking forward to condisoil being approved for use in here as really can't wait to try out some fruit & vegies that glow in the dark.
(20min delay)