LYSCF.PK---- This company has $407.55 million in cash, that is equal to $12.31 cash per share, and zero debt, according to 1-8-2011 numbers provided by " KEY STATISTICS " section ON WWW.FINANCE.YAHOO.COM
If it has $12.31 per share in cash as yashoo web site says , why its stocck trades at only $1.89 ?
You are advised to verify the information by going to finance.yahoo.com, click on
the "Key statistics ", and see for yourself. You are advised also to consult your adviser and do own research before buy or sell stocks.
Please do not rely on this posting, which is just for information sharing pur[pose. I do not guarantee the correctness of the information. I only quoted it exactly from yahoo web site.
Iluka Resources Limited (ILKAF)is traded on the pinks also. This was under $5.00 in October last year. It's @ $9.45 today and climbing! Yes, Lynas is pink but there are some companies listed here with super potential and Lynas is may prove to be one of the....IMO
You can hear it directly from the source if you follow this link:
The click on:
Lynas Presentation at the ASX Small to Mid Caps Conference, New York
Presented by Dr Matthew James / Vice President Corporate and Business Development
4 March 2010
just went to thier annual report and from what I can see they call it capital issued - not shares outstanding but it looks like there are some 719,000,000 shares outstanding - the cash position was raised due to most likely additional shares issued.
please confirm becasue the type I was viewing was very small However that would still give them a chas position of about 1.75 per share
Hello Sal.......Im new to the investing world and I read a number of your messages and you seem to know alot about how this world works. May I ask if you can share the indicators you use for stock charts and maybe share some other secrets about investing? I have no problem doing my own homework dont misunderstand but need some guildline.Thank you in advance!
I would explain to you what's wrong with your numbers, but in all seriousness, I'm tired of correcting people. So you go ahead and believe whatever kind of fantasies you want.
Meanwhile, we get our numbers from Lynas.
REVIEW OF FINANCIAL CONDITION
At the start of the year the Company had 654,799,093 ordinary shares on issue. During the year an additional 1,000,700,000 shares were issued as follows:
Shares on issue 30 June 2009 Equity raising – November 2009 Issue of new shares pursuant to option conversion
Shares on issue 30 June 2010
654,799,093 1,000,000,000 700,000
In addition to the ordinary shares on issue there were 65,000,000 unlisted options for ordinary shares on issue. Overall, the issue of new shares during the period resulted in an increase in issued capital of $431,542,915
Almost 2 billion shares out.
Am i reading this right?