LYC - Lynas Rare Earths

[TheAbyss]

Thanks for your reply, Abyss
The top 20 you mentioned holding 60% of Lynas, I clearly dont know what you mean.?

Had a look for major holders, any-one with more than 5%,
only, JP Morgan Chase & Co and its affiliates, The Capital Group Companies, Inc,
and Morgan Stanley (may even be JP morgan chase now) only they show up,
and they dont seem to have 60%.
Where can I find this major shareholder information?

Any help with my education would be appreciated, thanks.

Link below. My info was a tad aged and didnt include the recent purchases. Top 20 is now 70% which is a good thing if you are already a holder however they will look to amend that to improve liquidity in the mid term i suspect.

http://www.buysellsignals.com/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1307.pdf

 

[frankblack]

Link below. My info was a tad aged and didnt include the recent purchases. Top 20 is now 70% which is a good thing if you are already a holder however they will look to amend that to improve liquidity in the mid term i suspect.

http://www.buysellsignals.com/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1307.pdf

Thanks again, Abyss,
I went to website of buysellsignals, I can not find how much they charge for membership,? is it worth it,?

 

[TheAbyss]

Thanks again, Abyss,
I went to website of buysellsignals, I can not find how much they charge for membership,? is it worth it,?

Dont know mate. I just linked directly to the PDF which if they didnt want to happen would have secured it in the first place.

 

[maungatapu]

Thanks for your reply, Abyss
The top 20 you mentioned holding 60% of Lynas, I clearly dont know what you mean.?

Had a look for major holders, any-one with more than 5%,
only, JP Morgan Chase & Co and its affiliates, The Capital Group Companies, Inc,
and Morgan Stanley (may even be JP morgan chase now) only they show up,
and they dont seem to have 60%.
Where can I find this major shareholder information?

Any help with my education would be appreciated, thanks.

According to the annual report 2009 p. 83 the top 20 held 68.53%. Presuming the others have not sold down I guess the top 20 would hold a greater % now with Morgan Stanley increasing their holding.

 

[vincent191]

Not going to be a good day today, maybe good opportunity to do some bottom fishing? I reckon anything below 93 cents is worth a punt.

 

[nioka]

Not going to be a good day today, maybe good opportunity to do some bottom fishing? I reckon anything below 93 cents is worth a punt.

The pink sheets price in the USA last night was US$.90 which is still $1 AU. That was on a bad market there. Some trader activity is going on with LYC which means that Friday will not be a good day but I see no reason for any major fall. The fundamentals justify a rise.

 

[vincent191]

The pink sheets price in the USA last night was US$.90 which is still $1 AU. That was on a bad market there. Some trader activity is going on with LYC which means that Friday will not be a good day but I see no reason for any major fall. The fundamentals justify a rise.

Yup, you are right. Solid as a rock. No bargain basement prices for LYC. In the absence of any adverse announcements my hopes of picking up LYC at 93 cents is wishful thinking in the current market conditions.

 

[Southern X]

It would seem that LYC is planning to be a full spectrum REE supplier to the planet, ie. LREE with Mt. Weld, and with their taking a strategic substantial position, 9.44%, in NTU:ASX. (Compelled me to take profit in ALK to buy NTU for the HREEs).

Down the track, with positive cash flowing in perhaps a tweak to LAMP, then a t/o of NTU?

Anyone know even if there is anything known about their Malawi property, specifically the LREE to HREE proportions?

SX

 

[Dreadweave]

there's some good opportunity here today , Been following this thread and watching lyc for about a week.

I'm in at .885

 

[Huitzii]

I got back in today aswell at .885, it seems to be on the bottom atm.
IMHO LYC is a bargin with with its recent highs of $1.05.
Time will tell I suppose and the market will be the deciding factor.
I like to buy on the bottoms and try to pick the top (short term trades as some here already know)
From the chart you can see the 10,68 and 90 day averages are still heading in a northerly direction with mid range volume.
I think the resistance of .90 is about as low as it will go from here but if it looses support at .90 we could see a drop to the next support level of 82.5 cents ...but im hoping that this doesn't happen
Up Up Up LYC

 

[breaker]

Gday all

stock breaking trendline does'nt look to good
my stop 81c
had a great run
good luck

 

[Huitzii]

Gday all

stock breaking trendline does'nt look to good
my stop 81c
had a great run
good luck

It looks like the market spoke today turning off the bottom of 0.88 as expected and finishing on 0.97 (8.99%), as I was watching closely today I thought it was going to break $1, but it wasnt to be.
So now back inside its bottom trendline it looks good again
If LYC follows the line that I expect it to take, some time next week it could break its high of $1.05....fingers crossed
Anyhow heres a new chart to see what a positive looking stock looks like.

 

[breaker]

great call lets hope it keeps going

Weekly chart looks real good will post when i find out how
Shot above 30 week EMA and in trend line ,pullback on low volume
Not much volume today, Doji Yesterday [reversal] ,short tale on Green candle today.Good Luck

 

[frankblack]

It looks like the market spoke today turning off the bottom of 0.88 as expected and finishing on 0.97 (8.99%), as I was watching closely today I thought it was going to break $1, but it wasnt to be.
So now back inside its bottom trendline it looks good again
If LYC follows the line that I expect it to take, some time next week it could break its high of $1.05....fingers crossed
Anyhow heres a new chart to see what a positive looking stock looks like.

View attachment 38636

Much appreciated Huitzii,
normally something this good is too good to be true,
but then the basket has gone up to $43.00, is there no limit?
What will happen when the basket price drops?

 

[Huitzii]

in the past China has been very dominant in the Rare Earth industry but now LYC has the best opportunity than anyone to capitalise on the restrictions that have been place on the Chinese Rare Earth exports.
China has kept the prices down in the past as there labour and exploration costs have been far less than the rest of the world can compete with.

China Tightens Grip on Rare Minerals

By KEITH BRADSHER
Published: August 31, 2009

HONG KONG — China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals.
China currently accounts for 93 percent of production of so-called rare earth elements — and more than 99 percent of the output for two of these elements, dysprosium and terbium, vital for a wide range of green energy technologies and military applications like missiles.

Deng Xiaoping once observed that the Mideast had oil, but China had rare earth elements. As the Organization of the Petroleum Exporting Countries has done with oil, China is now starting to flex its muscle.

Even tighter limits on production and exports, part of a plan from the Ministry of Industry and Information Technology, would ensure China has the supply for its own technological and economic needs, and force more manufacturers to make their wares here in order to have access to the minerals.
http://www.nytimes.com/2009/09/01/business/global/01minerals.html


Mining Studies

Independent mining experts Australian Mine Design and Development Pty Ltd (AMDAD) prepared preliminary pit optimisations, pit designs and mine schedules over the central part of the CLD. The work confirmed the simplicity and low risk of a mining operation, and the low overall strip ratio for the pit (SR 4.6:1). Due to the high ore grades, the ore production level is forecast to be relatively small, for example; production of 10,500 tonnes REO in the first year of operation will require 120,000 tonnes of ore to be processed. With current demand at 95,000 tonnes per annum the Mt Weld production will represent approximately 11% of the global market. Based on proposed ore treatment options, current Reserves were calculated by AMDAD as 2.1 million tonnes @ 15.5% REO containing 321,000 tonnes REO. This is about 35% of the available resources; Lynas confidently expects that further ore processing studies and inclusion of lower grade ore will result in a mine life in excess of 20 years.
http://www.lynascorp.com/page.asp?category_id=2&page_id=4

Foundations for the Future

Lynas has a strategy of creating a reliable, fully integrated source of supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.

Lynas owns the richest deposit of Rare Earths in the world at Mt Weld, 35km south of Laverton in Western Australia. A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.

In past years, Lynas has observed a trend in Chinese Government policy decisions which is leading to an increase in Government control of the Rare Earths industry in China and the tightening of supply due to the imposition of mining production quotas, and the reduction and restrictions on trading of the existing export quota. These policy decisions have followed the removal of VAT rebates for exports of Rare Earths oxides and an increased enforcement of China's stringent environmental standards which resulted in the closure of non-compliant Rare Earths plants.
http://www.lynascorp.com/category.asp?category_id=2

 

[Huitzii]

Friday, August 27, 2010
Rare Earth Metals to continue to shine after China reduces export quotas

Since January of this year, the prices of rare earth elements (REE) have risen between 22% and 750%, the majority of which occurred after the July announcement that China is reducing their REE quotas further.

MORE FROM THE SAME ARTICLE

Australia has its fair share of companies with significant rare earth assets, including Lynas Corporation (ASX: LYC), aims to create a reliable, fully integrated source of REE supply from mine through to customers. Lynas has acted directly on the ever increasing REE supply tightening in China, moving its concentration plant from China to Mount Weld, Australia, and building an Advanced Materials Plant in Malaysia.

The company’s primary asset is their Mount Weld REE Deposit, known as the ‘Central Lanthanide Deposit’, and is, Lynas suggest, “without a doubt the world’s richest Rare Earths ore body, capable of supplying up to 20% of the global market for 30 years”.

Interesting read:
http://www.proactiveinvestors.com.a...e-after-china-reduces-export-quotas-9634.html

 

[Huitzii]

Much appreciated Huitzii,
normally something this good is too good to be true,
but then the basket has gone up to $43.00, is there no limit?
What will happen when the basket price drops?

I really dont think that the basket price will drop in the near future, with China exporting 40% less Rare Earth minerals.
I think that there will be a shortage of supply which can only send the basket price up in the short to mid term IMHO

 

[AngusSmart]

When is Lynas ment to come online to actually start mining and exporting these rare earths??

will they be the first Australian company to do so? what is your thoughts of them buying up 9% of NTU?

i have been watching all these lately and having a bit of a day trade with them, hope to build up enough to have a small parcel in lyc or ntu.

 

[Huitzii]

When is Lynas ment to come online to actually start mining and exporting these rare earths??

will they be the first Australian company to do so? what is your thoughts of them buying up 9% of NTU?

i have been watching all these lately and having a bit of a day trade with them, hope to build up enough to have a small parcel in lyc or ntu.

Lynas is expected to start production in the third term of 2011, and says that it is on track to meet its deadlines.

Lynas was smart to buy 9.5% of NTU, firstly NTU has a small cap with huge long term potential with uranium and rare earths and also by buying into NTU its creating an obstacle for any potential takeovers.
Lets face it Lynas wants to protect the rare earth elements which are held in Australia.

Lynas will definitely be the first to start producing in Australia, their open cut mine at Mt Weld is complete ,with 2 processing plants underway, projected to start processing in the 3rd term of 2011.

All positive from my eyes
It might even be worth having a punt on NTU myself

 

[nioka]

Interesting article,

http://www.theaustralian.com.au/bus...-in-power-battle/story-e6frg90o-1225910731635

"The US Department of Defence will next month publish a report on how much its military relies on (rare earth)materials that, currently, can only be obtained from China."

LYC up 11.39% at Pink sheets yesterday.