today will be very interesting to see what takes place.I agree with evryones sentiment that if you are not in here be a little patient to see where the dust settles.
However we have a major game changer here and those 190 million of short positions now face a dilemma in that their options for covering potentially have changed.I think lynas is in much better position that they may not be forced to do a capital raising which will really squeeze
the short players who were intending to cover via the cap raising.
Similarly if the share price can get back to the 1.25 mark then the dilution for the mt kellet convertible will be 180 million shares ,surprisingly similar to the current short number.
i do not beleive that all the shorts will have access to all of the mt kellet conversion but I suspect they will have acess to some.
this should be viewed as a long term hold now and earnings will soon become the driver of the share price
that might be all from me for a while
happy trails
today will be very interesting to see what takes place.I agree...
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |