LYC - Lynas Rare Earths

[nioka]

I'd be happier if the new mine was not in a landlocked African country but I guess Lynas has gone into the business with their eyes open and have considered all the problems and all the advantages. It will certainly make them one of the large rare earth producers. The news didn't lift the SP today maybe it will have a better result with the Pink slip trading tonight.

 

[purple]

I suppose that being in a landlocked country wouldn't pose that much of a problem as real earths are not that great a transportation exercise when compared to the volume and weight of Iron Ore, for example.

nevertheless the stuff still has to be brought to a shipping port though.

seems like LYC has really big long term strategies in place. go gobbling up prime areas and sit on a huge resource while the price increases.

I'd rather they get at least the Malaysian project up and running first to start the cashflow. but then again they seem to get their customers easily, that might be a reason for them to plow ahead like that.

 

[Hephaestus]

Nice increase in sp for LYC yesterday. Any additional news coming out soon? Seems like the market really liked their 06/09 announcement and inclusion in S&P/ASX 200.

 

[BIG BWACULL]

I Just noticed the Volume of lynas's trades on Friday 16,865,861 That was
16,865,861 :22_yikes: Some ones buying up Big Up 3.5c to $1.07

 

[nioka]

I Just noticed the Volume of lynas's trades on Friday 16,865,861 That was
16,865,861 :22_yikes: Some ones buying up Big Up 3.5c to $1.07

Interesting. It wasn't followed up by any great volume on the pink sheet trading which would indicate the trading did not involve traders in the USA. We'll have to watch on Monday and check for major shareholders buying or selling. With such large trading on a day when the market was down it indicates confidence is up even if there are plenty of sellers. I haven't been able to get any new news from the west. I expect an increase in the SP next week.

 

[Hephaestus]

LYC seem to have a leak. Share price up significantly yesterday. Announcement 09:36 25/09/2007 Lynas signs third customer contract valued at $US20 million taking sales from Malaysia Stage one to $US310. Stage 1 product now sold out.

Contract includes additional volume from Malaysia stage 2.

 

[BIG BWACULL]

LYC seem to have a leak. Share price up significantly yesterday. Announcement 09:36 25/09/2007 Lynas signs third customer contract valued at $US20 million taking sales from Malaysia Stage one to $US310. Stage 1 product now sold out.

Contract includes additional volume from Malaysia stage 2.

Lynas Customer Contracts Total Over US$310 Million With 3rd Rare Earths Supply Contract. All I have to say is glad I'd already bought more and :jump:

 

[BIG BWACULL]

Announcement out

Lynas Secures Processing Plant Site in the State of Pahang, Malaysia

Key Points: A binding Letter of Intent has been signed to secure the processing plant site The location is supported by Malaysian Federal, State and Municipal Governments The site is within the Gebeng Industrial Area with excellent infrastructure The required approvals are anticipated to be received by the end of 2007 Lynas Corporation Limited (“Lynas”) (ASX code LYC) is pleased to announce the signing of a legally binding Letter of Intent with a land owner for the purchase of an appropriate parcel of land for the construction of the processing plant in Malaysia. As announced on 24 August 2007 the Malaysian Industrial Development Authority identified a preferred location within the State of Pahang at the Gebeng Industrial Area. Gebeng is 2.5km from Kuantan Port. The supporting facilities and infrastructure required for the processing plant are well developed at Gebeng and include: Cleared, levelled and filled land, which reduces the site preparation requirements Required infrastructure for electricity, gas, water, and steam Complete logistics infrastructure including roads, a railway line to port side, and port facilities for containers, liquid chemicals, and dry bulk materials The land selected within the industrial area is of the necessary size and shape to accommodate the plant, with the planned expansion to 21,000 tonnes per annum REO, with minimal changes to plant layout and therefore minimal engineering changes. With selection of the specific site completed the next steps include detailed geotechnical assessment, completion of the baseline environmental conditions and submission of an Environmental Impact Assessment to the Department of Environment. Normal access and construction applications will also be made to the Kuantan Municipal Council. Receipt of these approvals will be conditions precedent to the execution of a subsequent sales and purchase agreement. These approvals are expected to be granted prior to the end of December this year. In addition, a detailed review of the schedule for commencement of site works and subsequent anticipated plant production can now take place. Lynas’ Executive Chairman, Nicholas Curtis, said “After detailed discussions the Kuantan Municipal Council, the State Government of Pahang and the Federal Government of Malaysia have given their support to the company constructing the processing plant in the Gebeng Industrial Area. The company now looks forward to making solid progress in the planning, approvals, and construction of the plant to deliver the product to our customers already under contract.”

May be another good day
201,329 shares already traded

 

[OLDSTEW1]

Hi NIOKA

Any further news on LYC? I am in the States and have trouble getting updated info. Thanks very much.

OLDSTEW1

 

[fmoraes]

Does anyone know if Lynas will ever trade on the regular stock exchanges instead of the pink sheets?

Francisco

 

[nioka]

Hi NIOKA

Any further news on LYC? I am in the States and have trouble getting updated info. Thanks very much.

OLDSTEW1

Nothing that I am aware of that hasn't been aired. Construction takes time but I have been told it is proceeding according to plan. Until we get closer to production in Malaysia there can be little progress. The demand for the product is evident with the forward sales agreements and the SP could fluctuate quite a bit in my opinion depending on some of the bigger interested parties taking up a position.
Mining commenced in WA along with the terms of the mining asreement and ore is being stockpiled.
Sorry I can't help more than that except to say I'm sticking with the company.

 

[nioka]

Does anyone know if Lynas will ever trade on the regular stock exchanges instead of the pink sheets?

Francisco

Traded mainly on the ASX ( I hope we can call that a regular one)which is all I need but for someone overseas I guess they need more. The company is developing into a world wide operator with the new venture into Africa, the mine in Aust and the processing plant in Malaysia. I guess it will eventually be traded on a few more exchanges.

 

[BIG BWACULL]

Any ideas on these transactions aftermarket :dunno: ,Options exercised perhaps ,
06:01:22 PM $1.320 7,970
05:56:38 PM $1.320 9,962
05:50:04 PM $1.320 9,962

 

[uhu]

Hi everybody,

This stock seems interesting.

Well, I have a question: I've heard Lynas needs plus money to make its malaysian (indonesian?) rare earth metals project. So, is it working? LYC hasn't got problem caused by the credit problem in US?

And: Is it true LYC has the world's largest rare earth metal mines outside of China? This is just an estimation or it's more?

(sorry, my english is not correct)

 

[fmoraes]

Any news? It has been recently quiet. I guess the US situation doesn't help much but I'd like to see some more signings. Keep the cash coming.

Francisco

 

[ta2693]

I have topped up LYC today. I think I have done the right thing. I do not understand why panic about Lyc. We will see the real money come in 1 year later. Chinese RE policy will be tighten and RE demand will hike.
I can not see any reason why should I worry in 1 to 3 years time.

 

[nioka]

I have topped up LYC today. I think I have done the right thing. I do not understand why panic about Lyc. We will see the real money come in 1 year later. Chinese RE policy will be tighten and RE demand will hike.
I can not see any reason why should I worry in 1 to 3 years time.

You have answered your own question. 1 year until the real money comes in. Transfering to Malasia has put the production back further than expected. I have exited this stock for now but will return in a few months as I can't see much action until production.

 

[Kieran]

Cripes, todays share price for Lynas is down to 87.5 cents! Perhaps it's time to buy a few more to reduce on average the $1+ shares that we've bought? I for one have 2500 shares at $1.53 which I'm kicking myself for

 

[grace]

Cripes, todays share price for Lynas is down to 87.5 cents! Perhaps it's time to buy a few more to reduce on average the $1+ shares that we've bought? I for one have 2500 shares at $1.53 which I'm kicking myself for

Perhaps they may be a takeover target. Who else is around here with a rare earths mine with the future growth expected in plasma, lcd, displays, hybrids etc over the next few years ....... fingers crossed. Mines seem to be getting looked at just as they are about to produce!

 

[nioka]

As per my previous post, Lynas are taking longer to get into production than was anticipated. The change from China to Malaysia followed by the locational change in Malaysia have probably set the program back more than a year. For this reason I exited the stock expecting a fall in the SP. I expect to purchase LYC again when the production date is approaching. I may miss out if there is a takeover offer before then but I do not see much change now for some months. I still have faith in the long term future, it is a pity the original plans did not work out.