You have to differentiate between dilutions. In NTU case they need the money to build a plant and rather then go around the banks and issue bonds they decided to make it fairer and get a few million $ from SHs and also give them a chance to average down at a slight discount to market price. Dilution in LYC case was in the order of hundreds of millions of $ and issued bonds which are now redeemed at less then 40% of market price. Can you spot the difference between necessary dilution that is reasonably fair to SHs and dilution that is bad for SHs ?
You mean like dilution to keep a plant operating for nearly 10 years at a loss ? Great observation there although hardly a justification of ending up with 5.5 Billion shares and hundereds of million in debt as Lynas did.
In case you missed the relevant glossie NTU intends to growth organically rather then go into debt for $Billions or issue billions of shares then do a 10/1 consolidation to wipe the slate clean.
Btw, you never came back to explain to us how you worked out the costs to build a full size plant. https://hotcopper.com.au/threads/an...te.4008013/page-98?get_post=true#.WqnXIK1x2is
I do understand but not sure you understand that NTU needs a plant before it can have cash coming in. Probably because your own personal experience with the other company where they had a loss making plant for almost a decade. I guess part of the reason a company will succeed is timing and NTU plant seems to have hit the sweet spot.
What shorters you talking about ? While there has been a number of shorters sucked into shorting lithium and graphite stocks it seems that at least to date they have been keeping a low profile on RE stocks. Maybe they're busy shorting crusties like brick & mortars.
Perhaps you are referring to the 50 odd NTU shares that have been shorted daily for the last few days ? I'm guessing that must be the resident NTU hater using his pocket money to short NTU, just as well he's still licking his wounds from the other RE stock or his do his dough shorting NTU. Only a total idiot would even consider shorting a company that is bouncing near the bottom and has a plant near completion. Then again it takes all sorts to make a market.
I have been looking at some of the other stocks you post on and hold and suggest you give up looking at charts altogether or else do try holding them upside down. Either way you'd feel much better and could even stop you being a hater.
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $135.9M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.0¢ | $48.07K | 2.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 6572864 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 700000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 389264 | 0.083 |
1 | 100000 | 0.082 |
3 | 26500 | 0.081 |
6 | 683055 | 0.080 |
1 | 102400 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 125000 | 1 |
0.085 | 2235656 | 8 |
0.086 | 308648 | 5 |
0.087 | 418480 | 5 |
0.088 | 398808 | 3 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
NTU (ASX) Chart |