LYC 0.87% $8.09 lynas rare earths limited

Warrant ownership

  1. 7,720 Posts.
    lightbulb Created with Sketch. 509
    Couple of interesting points not sure what they mean, interesting to think about.

    First the last exercise  of 20,536,377   Shares, which I always found an odd number.   IF you divide this by 174,365,466   and compare it to the ownership of others  26,500,00 the two percentage match exactly.  I stop looking after 6 decimal place.   11.777777%   So was this a case of others not being able to decide quickly?  so there transaction were delayed?

    Fortress  manages 25,000,000 bounds.   Divide by   174,365,466  =10.44444%   Now there are   18,211,504 Left un-exercised divide by 174,365,466   = 10.44444%

    Now I am sure every one will tell me how wrong I am but it looks like group others takes awhile to decide.   And  Fortress group is not converting.
    This further proves these bound holders are independent entities. Making there own decisions and only Fortress  is not participating.


    It is interesting Fortress only took over some of the funds managed by MT K  I wonder if the funds not taken over were those with Lynas bounds.  IF this is the case then Softbank has no control over the bonds managed ( not held) by Mt K. Possible I am not even close to certain.
    This is all interesting to speculate about.   I am not offering any opinion just numbers.  
 
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