Latest REE prices from Lynashttps://www.lynascorp.com/page.asp?category_id=1&page_id=25 estimates today July 18th
Terbium oxide FOB according to Lynas 4520 usd compared to Dachas one week ago 3803 usd (the 1.76 NAV report)
Lynas FOB Dysprosium oxide 2850 usd compared to Dacha one week ago: 2340 usd.
My belief is that we are held back by broker warrants dumped quite by Mackie Research as broker 83 and 1.
It is very good management backed out of that additional private placement early this year and they have also clearly stated they will never make a private placement to grow while discount to NAV is this huge. I actually hope and believe they will never do a PP again. The reason it was on the table last time was to reach optimal size of the inventory and we have done that anyway.
Now it is more about considering shareholder value and that does not include phonecalls to Mackie in my view especially since they are most likely the main reason the discount is still so huge, but that will soon end as they run out of broker warrants.