RE:Today's Lynas News (Aug 16/Aug 17 in Sydney)Do try and get a few facts right Joey, this raise will add ~185M shares to the 715M shares currently on issue = 900M backed by 10,500tpa NdPr which pretty much locks all but incremental players out of ROW mkt most of this decade.
Invested LYC so I'll receive ~250k rights @$2.30, definitely exercise half, not sure what I'll be able to do in pension plan, and I'm not American.
But what was released today, probably early due to leak, is only half the story, but probably suits them as they've switched the funding routes to suit the circumstance, put the balance sheet on steroids so it has plenty of muscle to deal with the rest.
Call it pumping/bashing but always put up facts here, many outside the mainstream, other than that you guys are quite entertaining.