A large volume of shares, approx 6,000,000+, were traded,according to the daily LYC chart, at 71c at 1310 pm today. Unusual. Is it Ospraie unloading more? At the last notice they were domn to 37.2m shares, a little over 8% of the voting power. I'll be happy when they are out of the picture.
LYC - Lynas Rare Earths
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Finally got ospraie off our backs for a bit today. Yippee yahoo
9% up.
9% up.With the price rises yesterday and today the ASX price is now ahead of the Pink sheet price. This leaves room for a pink sheet price rise tonight adding to their rise last night.
LYC broke out to new highs!
exciting stuff....I'd expect LYSCF to spike up to at least .71....
http://finance.yahoo.com/q/cq?s=LYC.AX,LYSCF.PK&d=v2
exciting stuff....I'd expect LYSCF to spike up to at least .71....
http://finance.yahoo.com/q/cq?s=LYC.AX,LYSCF.PK&d=v2
Sean K
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Why?
"I'd expect LYSCF to spike up to at least .71...."
wOw!! and what a spike....to .76....so I sold into the strength and will try to re-buy lower....what if it doesn't go any lower?....a chance I'll take here...
http://ca.finance.yahoo.com/q?s=LYSCF.PK&d=t
wOw!! and what a spike....to .76....so I sold into the strength and will try to re-buy lower....what if it doesn't go any lower?....a chance I'll take here...
http://ca.finance.yahoo.com/q?s=LYSCF.PK&d=t
That is a good price in US$. On the basis of that closing price we should expect a fair increase on the ASX on Monday. I'm often tempted to cash in on the rises, hoping to buy back in on a dip but have not done so on the basis I believe there is a lot more room to move yet. When Ospraie stop selling there may be a shortage of sellers. There has been good volume available lately with their sell down, that can't last.
nioka sez: "..I believe there is a lot of room to move yet.."
Totally agree....I think the upside is awesome, so just counting on a very temporary pullback here....
btw I don't think the ASX trades off the results in NA....totally the other way around imo...
this is an Oz stock, after all....most don't even realize there IS another listing...
Totally agree....I think the upside is awesome, so just counting on a very temporary pullback here....
btw I don't think the ASX trades off the results in NA....totally the other way around imo...
this is an Oz stock, after all....most don't even realize there IS another listing...
Agree, but for some reason the Pink sheet price has been about 6% above the ASX price most of the time. Fluctuations in the exchange rate allowed for.
I can't say where the Ospraie sales have been made but I suspect they have been made on both markets. When the pinksheet price is better than the ASX price then the volume tends to be there and vice verca.
nioka sez: "..for some reason the Pink sheet price has been about 6% above the ASX price.."
See my post #43....the US broker is likely also the market maker and the 6% man....the banks win again!..
post #43:
"I talked with my Scottrade broker, who said the only two ways for a co. to be listed is through either a bank or a broker...."
We know that very influential banks are financing Lynas, such as GoldmanSachs and JPMorganChase, so it would not be difficult to conclude that one of them has sponsored/initiated the listing through one of their brokers in the US...."
See my post #43....the US broker is likely also the market maker and the 6% man....the banks win again!..
post #43:
"I talked with my Scottrade broker, who said the only two ways for a co. to be listed is through either a bank or a broker...."
We know that very influential banks are financing Lynas, such as GoldmanSachs and JPMorganChase, so it would not be difficult to conclude that one of them has sponsored/initiated the listing through one of their brokers in the US...."
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MiNiNg at mount weld APPROVED YIPPEE
OH and malaysian tax incentives
OH and malaysian tax incentives
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MiNiNg at mount weld APPROVED YIPPEE
OH and malaysian tax incentives
Nice one, thats 100% corporate tax exemption for 10 years for Malaysian processing plant...
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Great news and deal. Too much good news, Market seems tired of it.
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Well, it is quite a huge back to back basket of good news. But still ,they're moving ahead. LYC was just waiting for the mining approval and then the tax incentives, and now they've put in place a new VP for Ops.
I like that...it's all systems go for now!
I like that...it's all systems go for now!
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Selling like hot cakes well maybe not hot cakes but definatley hot cross buns, hittin that blue sky
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Closed at 0.93 cents today...huge move from the consolidation of March on the back of those announcements. Should've bought more long time ago. Always a regret on the hindsight. The uptrend is SO strong.
Should've bought more long time ago. Always a regret on the hindsight. The uptrend is SO strong.
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LYC is totally out of control. Went as high as $1.1. People are buying the story of clean hybrid motor. What a performance...
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hybrid cars, + batteries + Ipods + mobile phones + light bulbs + all sorts of gadgets of the future + etc etc etc...
REs have a hand and a leg in every other product of the future.
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