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LNR

Lanthanein (ASX: LNR) is in the middle of a share placement and I suspect that the longterm hlders may reject the idea. At 0.1cents a share, and clearly needing the cash, this company looks (on the surface) like one to avoid until they start to get some solid results.

But doubling their share numbers means any share price reward will be a long time coming. Followed by a concolidation. So shareholders will reduce their shares substantially; for every 30 shares owned, they will now own 1. So 30,000 shares will become 1,000. Will the share price go up 30x? I doubt it, even with the proposed name change (to ry and excape the past).

In saying that, I admit that I done very little research on these guys, but what I have done indicates that there are much better investments out there.

This is one I will avoid.

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