LYC - Lynas Rare Earths
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Logique
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Agree.
Current RE basket = $120.00.
LYC Sp should be $2.65 based on $30 a basket
$60 basket = $6.50
$120.00 basket = $13.00
Once they start feeding the LAMp and we will see some swift movement in the SP.
Matter of time!
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There are many factors to consider here but I think one universal truth is that at the current basket price, the value of the shares will be much greater than the current price.
As I have said before, I think the main thing holding the price back is the "risk"...As TheAbyss said, once LAMP is under production, most of that risk will be gone and the SP should rocket up. That's not happening until September...fingers crossed
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I suspect a big factor that is holding LYC back is that approval to operate the LAMP plant in Malaysia is not yet forthcoming.
There is considerable local objection to radioactive by-products.
I could be wrong on this point, but expect this would be a huge catalyst
Due to the relative complexity of the seperation process, the next catalyst would be to have the plant operational on time. ( I personally doubt it)
I hold
There is considerable local objection to radioactive by-products.
I could be wrong on this point, but expect this would be a huge catalyst
Due to the relative complexity of the seperation process, the next catalyst would be to have the plant operational on time. ( I personally doubt it)
I hold
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Ben Clarke on Sky Business last night quoted those numbers.
The radio active component is thorium and in small quantities. This is easily stored but also is becoming an important mineral in its own right. Reproduced from another topic on ASF;
" Safe nuclear does exist, and China is leading the way with thorium.
A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium. "
Hi Nioka,
Would love your thoughts on whether you think the "independent board" that has been appointed to review the upcoming relationship with Forge and Nick Curtis potential conflict of interest is of any value. Is anyone aware of any moves from any shareholder group to get intervention on this?
Would love your thoughts on whether you think the "independent board" that has been appointed to review the upcoming relationship with Forge and Nick Curtis potential conflict of interest is of any value. Is anyone aware of any moves from any shareholder group to get intervention on this?
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Formal organisations have been contacted by members according to posters on HC.
Groups of shareholders (on HC) are looking at direct action/ media/ legal/ ASIC angles.Is worth a look over there to see what is happening.
Cheers
The matter is being taken up by a group of concerned shareholders. I am in that group. I have sent a submission to ASIC myself showing in some detail the "connections" between certain individuals and companies involved and showing some dubious transactions and personalities. This includes one person that has just avoided charges of insider trading where the person he was involved with got a heavy jail sentence. The more you look into this the shadier it gets. I'm sure ASIC are particularly interested in that individual. Sorry I cant name him.here. There is interesting reading in a recent sentencing report. It can be found on;
http://www.lawlink.nsw.gov.au/scjud...f4b6772e152f1f9dca2577f300150f90?opendocument
If I held Forge shares I would be getting worried that this deal will fall over. If there is any justice for Lynas shareholders it will fall over.
It is hard to post details on a public forum about the groups activities. I am acting independent of the group but share my information with the group as they do with me.
There is not an independent board. It also looks like the "independent" adviser is a company that changed its name a week before the report was issued. It was a company that had /has? links to a very interested party. More fishiness.
For some reason the link I posted is reduced and does not work. It should include:
.au/scjudgments/2010nswsc.nsf/00000000000000000000000000000000/f4b6772e152f1f9dca2577f300150f90?opendocument
Or you can try another link from a press report at the time (this will show the following;
Hartman also received additional sentences for six counts of the insider trading offence of ‘tipping’. He passed inside information about the purchase and disposal of shares to his childhood friend Oliver Peter Curtis, 25 whom Hartman had first met when he was about 13. Hartman was however given a 25% reduction to one of his sentences since he agreed to give evidence in future court proceedings against Curtis. In particular, John Hartman was given a discount for co-operating with ASIC from his first interview and he also received another discount for his co-operation in detailing six offences of ‘tipping’, or passing inside information to Oliver Curtis whose charges, the judge admitted, wouldn’t have been discovered without Hartman’s cooperation. Mr Curtis happens to be the son of Nicholas Curtis, the founder of Sino Resources and the executive chairman of rare earths miner Lynas Corp."
http://www.contracts-for-difference.com/news/industry-news/4021-joseph-hartman-insider-trading/
To work the link should include
difference.com/news/industry-news/4021-joseph-hartman-insider-trading/
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Just noticed Lynas is in a trading halt until Friday the 1st.... April Fools Day!
prawn_86
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There is an article in this weeks time magazines about Rare Earths, which briefly mentions Lynas. Main article is about Molycorp brinining on a new mine in the US which they hope will supply 20% of the Worlds production
Logique
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Yes interesting.Just noticed Lynas is in a trading halt until Friday the 1st.... April Fools Day!
'Strategic agreement and capital raising' it says. Sounds like they're raising exploration funding. Everything depends on how the offering is priced. Especially when offerings are to insto's, the price is often set below the current market.
Or it could be some in-house JV deal with Forge, with less direct impact on the sp.
We'll just have to wait and see.
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My guess is that it will be 1 of 2 things.
1. The Sojitz deal has been deferred due to Japan disaster so a capital raise is required to offset the funds they had allocated from that which were partly due this month
2. They have forward sold product for funds to advnace/ increase production rates and time lines
1. The Sojitz deal has been deferred due to Japan disaster so a capital raise is required to offset the funds they had allocated from that which were partly due this month
2. They have forward sold product for funds to advnace/ increase production rates and time lines
Came across this link to-day, as at to-day, I don't own any Lynas share. I do not endorse or take responsibility for material in this hyper-linked site.
http://www.malaysiakini.tv/video/21334/residents-to-lynas-go-back-to-australia.html
http://www.malaysiakini.tv/video/21334/residents-to-lynas-go-back-to-australia.html
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Deal with sojitz gone thru, placement with them $2.12, instos and SPP $2.07
The equity being issued is quiet small, i think only around 1 or 2 days vol.
Loan facility is a lot larger.
Interesting to see where it goes with the other rare earths having a great day today
The equity being issued is quiet small, i think only around 1 or 2 days vol.
Loan facility is a lot larger.
Interesting to see where it goes with the other rare earths having a great day today
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strong start for lynas this morning.. out the gates with 4.6% gains.. hitting a high of sp $3.30..
plenty of buyers compared to sellers..
plenty of buyers compared to sellers..
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