what does this mean? Appendix 3 B?, page-6

Ivanovich / Paavfc

absent any substantial contract wins (yes there are a few on the way but not massive) do you think the shares will drift lower towards NTA or cash backing?

NTA per share is 5.6 cents per share
(Net Assets of $29.9M less 11.4M Goodwill, less $4.9M Deferred Tax asset divide 240,804,000 shares on issue)

Basically, agree that Lynas is the right move and with Belgiornon Netts taking over as chairman soon it is a stock to hold, however:

1. Max (former CEO) hasn't really won any new work and none likely this year otherwise they wouldn't have moved him on.

2. current underlying businesses are performing at losses (or at least not enough to cover corporate expenses)

3. It will take Lynas at least 12 months to make his mark and show some real improvement.

My question would be - jump out of stock now and come back in 12 months or put it in the drawer and wait.... even if we sell now and come back in higher when it is de-risked you would assume that we have been able to make money on other stocks...

let me know your thoughts.