LYC - Lynas Rare Earths

[vincent191]

Those lucky devils who picked it up at .075 cents in 2008 must be laughing all the way to the bank. Anyway I think I will hold this until they go into production. The only worry I have is there is a LOT of shares on issue.

 

[nioka]

Those lucky devils who picked it up at .075 cents in 2008 must be laughing all the way to the bank. Anyway I think I will hold this until they go into production. The only worry I have is there is a LOT of shares on issue.

Sometimes you make your own luck. Those that kept the faith bought in lower than 10c around Jan and Feb 2009. I'd call it judgement rather than luck. I think the low was around 7.5c. I missed that but did buy a few at 10c. That is why there are a lot of shares on issue. There had to be that sort of dilution to get the funds needed. At least Lynas survived and is thriving.

 

[bandicoot76]

aaaggghhhh! dont remind me! in late 2008 i had $50,000... i decided the whole market was way undervalued so i made the decision to invest in stocks i believed had a huge growth potential and narrowed my stocks of choice down to 3... LYC, NFK & BBI.... guess which one i put my hard earned into!!! if it had been either of the first 2 i wouldve been laughing now... but no... muggins here sunk the whole 50g into BBI :crap:

 

[hawks2380]

Looking at rare earth prices from china late this week, the basket price for Lynas will be over $30 on Monday morning. Another massive weekly rise!

 

[vincent191]

bandicoot....sympathies muggins, hindsight is always a great thing. Don't worry you are not alone, I have also jumped the wrong way before, straight into the on coming path of a bloody big truck!!!

I didn't not get LYC at 7.5 cents but I do envy those who did. Well, I did not have the conviction or the faith to take the risk at that moment in time. All I can say is good luck to those who did.

Anyway enough sour grapes on my part, I am still very happy with LYC and it looks like there is a bit more headroom for it to go up. My question is, should I take profit now??

 

[vincent191]

What should I do now? Sell or hold. Surely it cannot defy gravity forever. What are you guys doing??

 

[nioka]

What should I do now? Sell or hold. Surely it cannot defy gravity forever. What are you guys doing??

Who suggests that it is defying gravity. I don't. Investors that make money don't put it down to luck. They put it down to "the more I research my stocks, the luckier I get".

With any investment there is risk so YOU have to balance any risk there is for YOU against the possible gain. I am certainly not selling, at least until the production starts and only then if the fundamentals say sell. Plenty of others are happy to take the profit now.

 

[nioka]

Who suggests that it is defying gravity. I don't. Investors that make money don't put it down to luck. They put it down to "the more I research my stocks, the luckier I get".

With any investment there is risk so YOU have to balance any risk there is for YOU against the possible gain. I am certainly not selling, at least until the production starts and only then if the fundamentals say sell. Plenty of others are happy to take the profit now.

Macquarie suggested a 10% improvement in their NPV of 91c for every 5% above the RE price of $16. Going by the current basket price for LYC that would equate to an SP of around $2.50. ??????????????

 

[vincent191]

Macquarie suggested a 10% improvement in their NPV of 91c for every 5% above the RE price of $16. Going by the current basket price for LYC that would equate to an SP of around $2.50. ??????????????

Wow!!! I sure hope Macquarie has got it right. Even half right will do me nicely - thank you very much.

 

[Huitzii]

What should I do now? Sell or hold. Surely it cannot defy gravity forever. What are you guys doing??

Hi vincent191, If you feel that you should sell to suit your own personal needs then that is what you should do my friend.
Personally I do hold this one and I am a short term holder in most of my portfolio but ATM i wouldn't sell this one if hell froze over.
10, 68 and 90 day averages are all heading in a northerly direction with good volume, buyers to sellers at a 4:1 ratio with a positive MACD.
All is staying inside the given trend lines (except for today breaking the upper limit).
Christ what is not good here?
All fundamentals are well on track with a positive looking analysis chart.
Up Up Up for LYC
DYOR

 

[vincent191]

Huitzii, thanks for your comments. I agree with your comments and I will hang on for a while. I made a big mistake before with MMX when I did not take profit when it hit $3, it subsequently went down to $1.60. That is the reason I am seeking comfort on this forum whether to jump now and buy it back latter when the euphoria dies down. Cheers.

 

[nioka]

. That is the reason I am seeking comfort on this forum whether to jump now and buy it back latter when the euphoria dies down. Cheers.

Sometimes "comfort" obtained from forums such as these can turn to pain. Remember that most that post on any stock are the believers in the stock. So do plenty of your own research and in the end you will have only yourself to blame.

 

[Huitzii]

Sometimes "comfort" obtained from forums such as these can turn to pain. Remember that most that post on any stock are the believers in the stock. So do plenty of your own research and in the end you will have only yourself to blame.

I cant agree more with your comments.
"I will follow a trend until it shows a bend"
It works for me.
I bailed out of RED this morning for that very reason and I will buy back in when it looks more positive and a good entry point presents its self ,my
DYOR

 

[maungatapu]

BEIJING Aug 10 (Reuters) - China's leading rare earth miners may effectively fix global prices for the group of metals that are widely used in a number of electronic devices, digital displays and military applications, an official newspaper reported on Tuesday.

Baotou Steel Rare Earth High-Tech Co and Jiangxi Copper Corp are set to launch a unified pricing mechanism on light rare earth materials nationwide, a move that is expected to give China a bigger say in international markets over the valuable resources, the China Daily said.

The alliance between Baotou Steel Rare Earth and Jiangxi Copper means they will virtually control the whole light rare earth market, the report said, citing analysts.

China dominates production with 95 percent of global supply of the group of metals.

Rare earths are composed of 17 elements and are used in many high-tech applications ranging from wind turbines and hybrid cars to missile-guidance systems and mobile phones. Light rare earth materials have a much larger reserve and are easy to process.

Beijing has indicated that it wants large companies to spearhead the consolidation of the country's rare earths sector to prevent the resource from being undervalued, the report said.

With China's moves to reduce export quotas, push for consolidation and crack down on illegal mining, prices of some major rare earth oxides such as neodymium have rallied to 219,000 yuan ($32,360) a tonne this month, up 60 percent from the end of last year.

"Enhancing the concentration of the rare earth sector will benefit the Chinese side and give it a bigger say in the global markets," Yu Zongsen, former secretary-general of the Chinese Society of Rare Earths, was quoted as saying by the newspaper. ($1=6.767 Yuan)

(Reporting by Jim Bai and Emma Graham-Harrison; Editing by Ken Wills) Reuters

 

[vincent191]

Huitzii.....After reading the 50 page JP Morgan report. it is all good. The next 12 months will be very interesting, if JP Morgan believes in it's own research in this stock they should start accumulating and this is good (I think they had already started). According to the very comprehensive report LYC is very promising indeed.

 

[Ding]

Well I am out. Got out 60% up. See what happens in the coming months, if they go down again I will buy back in. Feel a little naked without LYC in my basket.

 

[enigmatic]

It is interesting to see what one year difference can make between two companies, with LYC at $1,465 Million and ARU being a producer one year later at $199 Million.. ARU also has a much higher $/kg to LYC..

I'm always interested in LYC as it is closer to producing.. however always wonder if its already had its run and its time for the next Rare earth play to have a run..

 

[nioka]

It is interesting to see what one year difference can make between two companies, with LYC at $1,465 Million and ARU being a producer one year later at $199 Million.. ARU also has a much higher $/kg to LYC..

I'm always interested in LYC as it is closer to producing.. however always wonder if its already had its run and its time for the next Rare earth play to have a run..

What leads you to believe that ARU is only one year behind Lynas. How much dilution will occur in funding ARU to production?. What are its production plans?. Will the Chinese part ownership place restrictions in its ability to have a refining plant outside China?. Has it established the type of refining process necessary with its type of raw material?.

There is a lot of water to flow under the bridge before it gets as far down the track as Lynas.

Not that I doubt the value of ARU but I dont see it as better value than LYC at this point in time.

 

[vincent191]

I don't think ARU has the same amount of resources as LYC. Further, LYC's resources are of a much higher grade and different composition of RE elements.

Nioka is right, where did you get your 1 year lag from? And how is ARU going to fund their production plans?

Don't get me wrong, I am not trying to downramp ARU or upramp LYC. Just asking the questions.

 

[Huitzii]

Today we saw a fair drop for LYC by 6.21% on high volume on a bad day for most companies and is still inside the (grey trendlines) and I doubled my holdings at .83 cents as the chart shows.
Im a little confused with the late trade after market close(I think correct me if im wrong).
Why would anyone put such large orders @.5.5 cents above market?,its not like its a small amount like $5000 its more like $274088.04
Anyone with any logic can you please explain it to me.
DYOR