BUY LOW, SELL HIGH. That is the secret formula to making money, that 80% of people do NOT follow... Buy LYNAS with some caution. Don't mortgage the house. Times seem to be improving. Maybe finally, LYNAS has hit rock bottom and is due for a turn a round.
Lynas CEO, Amanda Lacaze said, “Through the half year Lynas has improved core capabilities and
grown strategic customer relationships providing a platform for future growth. I am pleased that
these continuing improvements have been recognised by our 2 key debt providers who have
agreed to make changes to our debt agreements to support the continued growth of the Lynas
Amendment to Financing Agreement
Lynas and its debt providers have worked collaboratively to agree amendments to its financing
agreements that provide the company with a secure and simple solution to support the
After site visits with extended teams and management discussions to assess the company’s
performance and operations, JARE and the convertible bondholders led by Mount Kellett, have
each reached an informed view to further support Lynas, with amendments to the financing
Both recognize the importance of retaining sufficient cash buffer in the business as Lynas
continues to increase production volumes.
JARE will delay amortization payments that were due on 31st March 2015 and 30th June 2015 and
extend the due date for those payments to 30th June 2016.
In addition, JARE and the convertible bondholders led by Mount Kellett, have agreed that Lynas
will deposit the interest payments due to each debt provider in calendar year 2015 into specific
bank accounts. Lynas will have the option, at the lenders’ discretion, to apply for a cash
withdrawal of monies in those accounts, if required for the business in the coming 12-month period. This will allow LYnas to operate without a repayment schedule for its debt until mid 2016. Assuming a rebound of RE prices, which is anticipated, we could be looking at US$.40 cents in 6 months. That is my opinion only. Everyone should do their own due diligence. Good luck to all longs. For $1,000.00 bucks, you can pick up 20,000 shares. Maybe not such a bad idea. (my opinion only).
Do what you will friend. I had been a long time supporter of OMEX. I owned almost 90,000 shares at the time of the Black Swan find. I should of sold, but got out at $7.00 and not $9.00. Gold and treasure have a mysterious lour on us. But, after the black swam incident, I was could see that OMEX could not simply hunt the oceans for untold wealth. Their business model is poor, and their management is not shareholder friendly. They have all gotten wealthy, while this stock plummets to the $.50 cent range. I have on occasion reinvested, bought both puts/calls at different times. I understand your passion, personally, I don't fight the market. The reason the stock is down, is because they will again need cash, and that means more dilution. I had just dropped to see if there were any opportunities. I was shocked to see the stock at time the dimes.... Good luck either way. Common sense will be your best friend.
You don't discuss you pump. And on the DY board you cant even tell people the correct answer to a question as to the difference between DY and CF stock. You are a malicious pumper. And you have no guilt or shame.
I think you will find that the anticipation of increased defense spending, and a increase in the export military sales from the U.S, U.K, and France are putting a floor under some RE's. Luckily, over 70% of the most commonly used RE's for guidance, drown, and aircraft production are also some of the highest yielding from our Mount Weld mine. Subsequently, prices have seem to be bottoming out, and have have for a few elements began to increase. Don't run out and buy more Lynas, but, at the same time, you at least have a new reason to hold your current position. Keep in mind that during the last rights offering, Lynas issued millions and million of warrants allowable to be exercised at AU$.09 per warrant into a share. I anticipate that if this news continues, then we may be advances up to the level, at which time, people may exercise, and flood the market with new shares. But, at least, we might see the share price move from US$.05 to US$.09 or even US$.10, given the exchange rate. In addition, Molycorp is really a black cloud over us right now. As we seem to be coming out of the weeds, Molycorp, is on the verge of BK. That is keeping everyone fearful of the whole REE market segment. Stay tuned. AND DON'T BE TAKEN IN BY THE PUMPERS ON THIS BOARD. AS YOU READ THEIR POSTS, YOU WILL SEE THEY DONT KNOW #$%$ ABOUT THIS BUSINESS, AND WILL COST YOU A BUNCH OF MONEY... Good luck to all Lynas holders.
Bigalsab, you pump over on this board also??? Don't you feel guilty telling people the bottom was in at $.25 cents. Dude, you have no shame.