Australian (ASX) Stock Market Forum

LYC - Lynas Rare Earths

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whatever happened it all turned out to be the best as I have made a motsa on it now - thanks
when they start production it should go further north
 
I've been off the radar for awhile and looking to buy some more shares. I have enough coverage in uranium and am interested in Lynas. Anyone with thoughts as to how far LYC may go?
 
Uranium has been dead for a while, a long while. LYC is goinng UP; much like Ux will do one day. Being too early is just as bad as being late, ie. loss. I monitor the Ux space, especially just NOW. With the Greens' energy-Luddite Ux policies + mining tax, I'm thinking of moving = taking profit.

I've come to the unpopular opinion that Oz is a solid 19th century society "moving forward" to the 20th century. The Greens will ruin this country for international investors. The two other parties not only lack integrity at the top, but are bereft of policy, thought, and direction. A pox on both their houses.

Have we a government? Must check.

Sorry for the rant. In closing, the sun don't shine outta the western suburbs' a$$, there is an Oz beyond those mortgage stressed, commuter stressed, self-esteemed challenged LOSERS.

SX
 
The rare earths story has really captured the attention of smart investors. The chinese monopoly story makes sense to less sophisticated investors looking to lock in big profits.

Anyone with any interest in RE would have made a killing by buying and holding LYC, ARU, ALK in recent months.
Even day traders would have done well with increased volumes.

There are other RE players on the horizon without so much upside built in.
Take a look at PEK for example. Assay results on RE samples from Tanzania should be coming in very soon and we could then see another bolter.

RE is the Uranium speccie of 2010!
 
SO is LYC junk or the real deal? i believe in the now and future importance of REE and am wary of the Chinese 97% monopoly of REE, so I plopped down some dollars for the American ADRs of LYC (traded as LYSDY on pink sheets). So far so good. Meanwhile, what information is there direct from Mt. Weld area? A local newspaper? Anyone have a link? I'm in USA... good luck and good night all. Nobody I know would know what a REE is.
 
LYC is the real deal, viz. "substantial" holders including JP Morgan, and Morgan Stanley; JP has a research report on LYC. I've read it, but don't have a copy, grrr. Since it was first published by JP on 28.6.10 with a target of A$0.91 they've increased they're target to A$1.31. I believe there'll be another target increase probably based on: a) resource upgrade; b) new higher price for REEs; c) production update concerning LAMP; d) whatever, and; e) takeover premium because LYC will be first past the post.

If you want to spread around your risk, but stay on US soil there's MCP:NYSE, and REE:AMEX, also in Alaska there's an HREE trading on the Toronto Venture, Ucore, UCU:TSX-V.

Now, once you've filled your positions tell everyone you know the REE story!LOL.

SX

I own UCU:TSX-V and RES:TSX-V (REE:AMEX) amongst others.
 
BraceFace said:
The rare earths story has really captured the attention of smart investors. The chinese monopoly story makes sense to less sophisticated investors looking to lock in big profits.

Anyone with any interest in RE would have made a killing by buying and holding LYC, ARU, ALK in recent months.
Even day traders would have done well with increased volumes.

There are other RE players on the horizon without so much upside built in.
Take a look at PEK for example. Assay results on RE samples from Tanzania should be coming in very soon and we could then see another bolter.

RE is the Uranium speccie of 2010!
Click to expand...

I agree with you here, REE's are looking very interesting. (not long ago)
I took a small holding of anything i thought was REE related, (i know it is a bad way to trade but it forces me to do my research), in that time i have seen a 3% gain and the following :

Gain 15
Lose 4
Even 3

The losers funnily have been, the ones i was expecting the most from

AEE
CYU
LYN
NTU
 
Southern X said:
.......
If you want to spread around your risk, but stay on US soil there's MCP:NYSE, and REE:AMEX, also in Alaska there's an HREE trading on the Toronto Venture, Ucore, UCU:TSX-V.

Now, once you've filled your positions tell everyone you know the REE story!LOL.

SX

I own UCU:TSX-V and RES:TSX-V (REE:AMEX) amongst others.
Click to expand...

Going slightly off track, MCP and REE have done a lot of work in the last 2 months.. both have gained close to 100% in that time...
i have not seen such pretty graph's in a while, but feel this boat has sailed.
 
"13 September 2010 Working Capital Facility – OCBC Bank (Malaysia) Berhad Lynas Corporation Limited (ASX:LYC, OTC:LYSDY) is pleased to announce that the Lynas group of companies have accepted a letter of offer for the following working capital facilities from OCBC Bank (Malaysia) Berhad, which is equivalent to approximately A$30,000,000: Type of Facilities Limits Revolving Credit RM50,000,000 Overdraft RM10,000,000 Letters of Credit (sight/term 150 days) (RM25,000,000)* Bankers Acceptances (90 days) (RM25,000,000)* Shipping Guarantees (RM25,000,000)* Letter of Guarantee (RM25,000,000)* TOTAL RM85,000,000 *Combined limits interchangeable with total outstanding not exceeding RM25,000,000. These working capital facilities are unsecured. They will fund working capital requirements including those needed during the commissioning and ramp-up of the Lynas Advanced Materials Plant (LAMP) in Malaysia."

The loan funds available to Lynas will ensure that the program to production is fully funded. It is a sign of a successful company that these funds are available unsecured. The company has recently stated that the program is proceeding on time and on budget.
 
its not bull according to dudley kingsnorth and he should know,also nick curtis of lyc e mailed me the story saying its a unofficial embargo with japan,wink wink nudge nudge.
 
Regardless of the piece's accuracy it highlights/spotlights: a) China's REE dominance, b) its effortless ability to wield instant central control, and c) what GREAT publicity for a still under reported group of commodities.

Perception often trumps reality, eg. $5000/oz Au suggests wealth for those that bought at $1000, but at $5000 I'd prefer to have tins of soup and bullets.

SX
 
One golfer friend told me that RE will be so valuable in future that the share price of LYC will hit over $10!! The Chinese government definitely will put an embargo on the export of RE. Could it be another commodity bubble "talk"???

Suddenly, the prices of ARU and ALK look good too.
 
Ken Kwong said:
One golfer friend told me that RE will be so valuable in future that the share price of LYC will hit over $10!! The Chinese government definitely will put an embargo on the export of RE. Could it be another commodity bubble "talk"???

Suddenly, the prices of ARU and ALK look good too.
Click to expand...

Careful, whilst i hold LYC and am loving the run, an ounce of caution is required as there are reasons that this could all fall over and i am sure there are others that will come from left field.

1. Chinese could change there ruling and start exporting

2. The USA alone can meet the world requirements of RE by themselves and voted last week to resume mining (they stopped because they couldnt compete with the chinese). It will take them a conservative 10 years to ramp up again apparently so not all bad news there

3. We will reach saturation point as miners start to ramp up and produce RE and as we all know, once a commodity becomes easily available the price falls so margins will reduce

4. As with every commodity run the smaller end of town will post all sorts of announcements regarding RE exploration and ludicrous targets - Be wary an dget out fast with profits

Lot of other reasons to be careful but make hay while you can people.
 
Abyss. I agree with your ponts (except for #1) especially as they heighten caution in this space going forward.

The US will meet its own needs in, I believe, well under 10 years. First, MCP by no later than 2012 according to their own reckoning. I think 2015 is a safer bet. That alone takes care of most of the LREEs the world needs. If they want to top up their reserves there's REE:AMEX/RES:TSXV in Wyoming. For the HREEs there's UCU:TSXV in Alaska, and QRM:TSXV in Quebec.

The above speak to your 3rd point, saturation. It will come with a vengeful slaughter to share prices. It will happen some time before MCP comes on-line. This is unless there's a blow-off spike. Which will surely blow up the pigs as first the bulls then later the bears make a killing.

"Penny-dreadfuls," are already making their presence felt, so I very well heed you last points concerning research and taking profits!

It is in HREEs where I think the yummy money will be made, and lost, by the aforementioned pigs. Do not misunderstand, HREEs will also pop, but their ascension will be more profitable, and collapse more gut "once yummy" spewing.

So, $10 for LYC?! Why not, especially if Oz makes it a "darling" as PDN once was, and there's a genuine bubble. But $17 Billion cap -- I don't think so, I'm over the moon for $5!!

Good Luck

SX
 
TheAbyss said:
The USA alone can meet the world requirements of RE by themselves and voted last week to resume mining (they stopped because they couldnt compete with the chinese). It will take them a conservative 10 years to ramp up again apparently so not all bad news there
Click to expand...

Maybe.... But who knows what the world requirements will be in 10 years time. these elements are finding new and important uses every year. If you look back 10 years some of them had no significant use then. Then there will be their cost of production that will also be taken into account, they may not be the cheapest producer.
 
Southern X said:
.............
The US will meet its own needs in, I believe, well under 10 years. First, MCP by no later than 2012 according to their own reckoning. I think 2015 is a safer bet. That alone takes care of most of the LREEs the world needs. If they want to top up their reserves there's REE:AMEX/RES:TSXV in Wyoming. For the HREEs there's UCU:TSXV in Alaska, and QRM:TSXV in Quebec.
................
SX
Click to expand...

All this talk of external to China REE producers and you miss who I think will prove to gain the most

TSX:AVL
Avalon Rare Metals Inc. is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in clean technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily.

(taken from http://www.raremetalblog.com/avalon-rare-metals-inc/)
 
I think we can all agree that the current price of REE will drop some time in the future once future supply comes on board.

However like most people say the demand for REE is growing at a rapid pace and the uses for these are being created each and every day.

The question is can supply keep up with demand, most REE projects take 5-10years to develop if not more. And i very much doubt china will change its policies for a reason, they want to control the market as they are aware of its importance to the future.
 

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