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Yep my tip would be to start buying now as im not going to, im planing on waiting. And i always get it wrong!!!
LYC - Lynas Rare Earths
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what in the name of all that is holy has MCP got to do with LYC?? different market cap, different sector...
i can find a relationship between peanut sales and cricket scores if you give 30 minutes...don't mean much tho
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"Molycorp, the rare earths company" (this from the headline of MCP's website). Seems pretty relevant to me, but what do I know?
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Settle down!
MCP, listed on the ASX is Mcphersons (not involved with REE)
MCP, listed on the NYSE is Molycorp (solely involved with REE - as fas as I understand)
Molycorp recently reopened their rare earths mine that had been shut a while ago and should be able to start producing REE soon. They are basically the closest equivalent to LYC in the world as far as I understand. I could be wrong?
MCP, listed on the ASX is Mcphersons (not involved with REE)
MCP, listed on the NYSE is Molycorp (solely involved with REE - as fas as I understand)
Molycorp recently reopened their rare earths mine that had been shut a while ago and should be able to start producing REE soon. They are basically the closest equivalent to LYC in the world as far as I understand. I could be wrong?
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Tab, just out of interest, why at 2.05 ?
Logique
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I doubt that it is as simple as that for China. They had to restrict the production as they were having massive problems with polution as well as illegal production. Proof of that has been shown in many press releases. They have had to move whole towns because of pollution caused by the primitive extraction methods.
Some analysts predict that China will be a nett importer of some of the rare earth metals in the not too distant future.
The fact that they have created alarm by restricting supply to their customers will make users of rare earths cautious of ever again relying solely on China for a supply. Evidence of that is the long term contracts that Lynas has negotiated. So even if china had surplus I doubt that Lynas would lose customers.
Add in that Lynas has the richest deposit in the world found to date and Lynas is even in a better position to guarantee supply that most other producers.
I have had confidence in Lynas from day one. I maintain that confidence and am still buying when these hicups occur. I suspect this is another "Morgan dump" that will be short lived.
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I have attached a link for the USA Dept of Energy "assessment of critical materials report" dated Dec 2010.
It is the most complete and unbiased information I could find on the topic of rare earth. Also covers Lithium
http://www.pi.energy.gov/documents/cms_dec_17_full_web.pdf
It is long at 166 pages, but the relevant chapters have much to absorb
My thinking is that if China makes a decision that they must move toward Electric vehicles, (for the reason they are wise enough to know what will happen to air quality should 1 billion combustion engine cars be added), then that would be a central strategic decision they are able to implement.
It would have a big impact on suppliers of these materials.
It is the most complete and unbiased information I could find on the topic of rare earth. Also covers Lithium
http://www.pi.energy.gov/documents/cms_dec_17_full_web.pdf
It is long at 166 pages, but the relevant chapters have much to absorb
My thinking is that if China makes a decision that they must move toward Electric vehicles, (for the reason they are wise enough to know what will happen to air quality should 1 billion combustion engine cars be added), then that would be a central strategic decision they are able to implement.
It would have a big impact on suppliers of these materials.
Its before the stops at 2.07. I just wanted to lock in some quick profits, not actually looking to hold. Dunno why? fundamentally I believe in the company.
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many apologies exgeo. i couldn't for the life of me understand the connection, and this was the result of a valid search, only to give incorrect info. sorry
many apologies exgeo. i couldn't for the life of me understand the connection, and this was the result of a valid search, only to give incorrect info. sorry
Molycorp has steadied now. Will be interesting to see if LYC do the same Monday morning. Did anyone buy on Friday?
Yep, not really sure what next week will bring.
Yes Tab, Elaborate why 2.05?
Sold out at 2.08 today. Likely to close higher than that, and I expect tomorrow to be a positive day also. But 11% return in 1.5 business days was the goal and im happy to lock that in. Plus I need the capital for other things (I dont have much capital).
Also my last trade with commsec with their filthy high brokerage of $30 each way! Good riddance.
Not sure what you guys are doing but LYC is still a good buy anywhere close to $2.
Tab, I have been following you. Bought at 189 too, I also don't have much capital although have potential to make a sound gain today. Should I sell or hold? Goals are long term. But my instincts say it will visit 190's again, your thoughts nioka?
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