I can't believe anyone would sell at that price. I'm watching and will buy more for certain. There are some good buys today. I wish I could see a week or two ahead,
LYC - Lynas Rare Earths
- Thread starter nioka
- Start date
I can't believe anyone would sell at that price. I'm watching and will buy more for certain. There are some good buys today. I wish I could see a week or two ahead,
Well - a lot of people (myself included) will tell you "You can have it".
Not at all impressed with management last week, and whilst it's come back to the price it is now (1.06 at time of typing) - you really should do your research on this one to determine just how much you think Rare earths are worth. Don't get me wrong - I think Mt.Weld is great...I just don't think 'Rare Earths' are all that rare!
Good luck with it though - but I'll stock up on Iron Ore and Oil while I can.
Not at all impressed with management last week, and whilst it's come back to the price it is now (1.06 at time of typing) - you really should do your research on this one to determine just how much you think Rare earths are worth. Don't get me wrong - I think Mt.Weld is great...I just don't think 'Rare Earths' are all that rare!
Good luck with it though - but I'll stock up on Iron Ore and Oil while I can.
86 cents....what the bloody hell just happened?
It's going to take aaages for this one to recover back to the $1.52 I paid for it 4 weeks ago
I've just sent an email to my lynas contact to ask the same thing. I'll post if I get any news. I spoke to them 2 weeks ago and everything was rosy and on track. I'm holding as I believe iy will recover Quickly. It is financed so it should have no problems there. Rare earths are what it says.. rare and while some of the minerals are found in many places there are not too many that are economical to mine and Lynas has the best one known to date outside China.
- Joined
- 9 February 2007
- Posts
- 302
- Reactions
- 0
ooh....Nioka....insider trading eh?
I sent them a complaint email some time back on their share placement. I'm bullish on the company and rare earths, but unhappy with that little share placement thingy. But with the market now, I suppose everyone's got other things on their minds.
I think you summed up the thoughts of anyone and everyone worldwide who's trading shares.
My other speccies are hit even worse.
Oh well. Hoping the bottom has been hit. My beautiful parcel LYC butterfly morphed back into a caterpillar!
- Joined
- 9 February 2007
- Posts
- 302
- Reactions
- 0
Aye! to that.
:walker: keep on walking.
Looks like the champagne has to delay its coming out of the cellar by a couple more weeks then.
ooh....Nioka....insider trading eh?
No . I just happen to have a contact that first recommended the stock who knows the latest news and is in a position to sort the spin from the fact. Let's just say he is close to the action. Probably will not get my mail until he returns to work next week.
- Joined
- 9 February 2007
- Posts
- 302
- Reactions
- 0
lol, no problem. looks like he does certainly know the latest, i remember you posted something about transport some time back.
Anyway, here's to LYC climbing out of this market crash soon. Must admit the current share price is not a pleasant sight but I'm behind this stock all the way.
I think the difference is partly because of greedy investo friends pay $1.15 just weeks ago. Partly because ARU is more speculative than LYC who are going to produce earlier. If Investos did not inject 60m at $1.15. LYC will suffer as much as ARU.
Answer to my question received says "Lynas still travelling well with the Roche mining operation in full swing."
My tip is for a jump on monday. (I'm not always right) but regardless of monday they are a good long term investment.
hey nokia, is lynas settling down now after the market drop? i got in this last year @.48, from a stock tip at a service i sub. to and man was i happy when it went all the way to 1.40. i just found this forum not too long ago and enjoy it once i learned how to get around. it's a little different than investorshub or raging bull that's here in the states. anyway take it easy, and i think you are right about this being a great long term investment. good trading, thomas
5% or more is a substantial holding. In Lynas's case there were merchant banks providing finance through cheap shares which they kept cashing in as the price rose. They obviously did this gradually so as not to crash prices and it worked well for them the big rises then occurred when they slowed down. The recent drop, in my opinion was caused by the increase in costs and the delay in commencing production by the decision to change from China to Malaysia This has long term benefits but short term problems for those wanting instant results.
By the way it is NIOKA not the phone NOKIA. Nioka means "green hills" which is why I'm an optimist and tend to be bullish when trading.
Another small (hopefully) hitch for LYC is a change of location for it's Malasian plant. At the request of the malasian govt the plant will be located at another site. This is not expected to result in extra cost and there are said to be advantages but it could delay the start by 2 or 3 months.
You Call this a Small hiccup??
2-3 Months - NO WAY...we're dealing with the Malaysian Government here...i'd be reading at least 6 months...maybe more.
Glad I got out when I did - I think there's upsides to the Co. - but right now is not a time to buy back in. Good luck to those brave enough to hold.
2-3 Months - NO WAY...we're dealing with the Malaysian Government here...i'd be reading at least 6 months...maybe more.
Glad I got out when I did - I think there's upsides to the Co. - but right now is not a time to buy back in. Good luck to those brave enough to hold.
- Joined
- 20 October 2006
- Posts
- 704
- Reactions
- 0
No not a hiccup but, BURRRP Ahh thats better, Its probably better they moved the plant closer to better infrastructure and transportation
I bought more at $1 last week
LONG TERM HOLDER Toppin em up Sad to see ya go hawkeye say hello to the others a M.A.S.H headquarters Over and out
My info is that the new site is in an advanced state of preparation compared to the existing one and production may not be delayed any more because of the change. Thought the share may drop a bit today on the news and provide a good buying opportunity but it seems that the news hasn't spooked many.
- Joined
- 3 July 2007
- Posts
- 17
- Reactions
- 0
economically viable Rare Earths resource, including;
Ability to produce a high grade Rare Earths concentrate via pilot plant tested, low cost gravity separation processes.
Inherently low thorium and uranium content thereby making it practical from an environmental perspective and allowing transportation of the concentrate.
Lynas’ Executive Chairman, Nicholas Curtis, believes that the signing of the contract is complementary to the already large Rare Earths resource held by Lynas at Mt Weld, “This acquisition further enhances Lynas’ security of supply by making Lynas a multi-mine company, it increases our growth potential, and positions Lynas in the market as the significant Rare Earths supplier outside of China”, Mr Curtis says.
Ability to produce a high grade Rare Earths concentrate via pilot plant tested, low cost gravity separation processes.
Inherently low thorium and uranium content thereby making it practical from an environmental perspective and allowing transportation of the concentrate.
Lynas’ Executive Chairman, Nicholas Curtis, believes that the signing of the contract is complementary to the already large Rare Earths resource held by Lynas at Mt Weld, “This acquisition further enhances Lynas’ security of supply by making Lynas a multi-mine company, it increases our growth potential, and positions Lynas in the market as the significant Rare Earths supplier outside of China”, Mr Curtis says.
Similar threads
