LYC - Lynas Rare Earths

[BIG BWACULL]

Can someone Please Explain but I noticed at 9:17 this morning 6 million shares went through how is this possible and what does it mean? THANKS anyone. Is it yesterdays total volume going through now?????
Maybe an off market Trade at 97c?

 

[HRL]

Good spotting. No I think that's just one trade this morning. XT is an off market trade and 6m is about a days volume for these guys lately...

 

[Agentm]

options

 

[BIG BWACULL]

options

ahh yes as per announcement THANKS CHEERS

 

[purple]

Yea...wouldn't it be nice if a fund were to come in and buy up 6mill... (idle thoughts). ho hum.

Now if the rest of my portfolio were like LYC... (more idle thoughts)

 

[purple]

Oh LYC! 1.02!

REGRET...

should've bought more.

 

[Kimosabi]

Lynas has signed of on the Mining Works contract.

The holes start getting dug in June.

http://www.asx.com.au/asxpdf/20070418/pdf/311znngqfb06xz.pdf

Already up 7% today.

 

[purple]

Increase of 16% over a week.

Buyer Depth still greater than Sellers, still looks like it has strength to go northwards

Buyers
Number Quantity Price
5 38740 1.155
9 30996 1.150
2 149800 1.145
4 54000 1.140
1 10000 1.135
1 6000 1.130
9 60500 1.120
1 10550 1.115
3 72000 1.110
12 376600 1.100

Sellers
Price Quantity Number
1.160 92000 1
1.180 55000 1
1.185 4574 1
1.190 25000 2
1.195 65000 3
1.200 120237 7
1.210 56000 2
1.230 45000 2
1.240 101000 3
1.250 114000 4

 

[BIG BWACULL]

Huge chunk just went through at 10:17 for 8.5 MILLION @$1:15 What the?

 

[BIG BWACULL]

Over 22 million shares traded today , 8.5 million in one fell swoop.

 

[Kimosabi]

Over 22 million shares traded today , 8.5 million in one fell swoop.

hhhmmmm, what could all this mean?

I stupidly got out of these at .810 after buying at .775 (I bought them on the day of the Chinese 9% drop, and lost my nerve and sold as soon as I could make a small profit

I've bought back in, but god I hate myself sometimes

 

[BIG BWACULL]

I bought these at 49.5 and am holding on to the ball still waiting to score a try For me at the time i was tossing up between ARU and LYC But am glad with my choice Slow and Steady wins the race.

 

[jeppe565]

Hehe, same for me. Bought LYC instead of ARU....

I'd have a heartattack owning ARU these days...

 

[purple]

For me at the time i was tossing up between ARU and LYC But am glad with my choice Slow and Steady wins the race.

Ironically, LYC is the one who's faster to the finish line.
Production date : LYC 2008 ARU 2010

 

[purple]

LYC has been very volatile lately...my stop losses got hit by tails... hate it when that happens.

someone's wanting it cheap...manipulation

Buyers
Number Quantity Price
1 8 1.015
1 6000 1.010
2 40000 1.000
2 14500 0.995
3 15530 0.985
4 85000 0.980
4 60739 0.975
5 224000 0.970
6 62000 0.960
5 108300 0.950

Sellers
Price Quantity Number
1.020 50000 1
1.035 20000 1
1.040 12909 2
1.045 24000 2
1.050 79713 4
1.060 20000 1
1.070 7802 2
1.075 7000 1
1.090 45000 2
1.095 10000 1

been waiting all week for re-entry but methinks i'll sit it out for a while and let that guy do the manipulation and then i'll get in.

Huntleys also put out an ultra conservative analysis (downgraded) on LYC and that might spook the short termers a bit.

plus it's May (dracula music)...

I'll reenter at end May and we should see some spectacular stuff from LYC then..

 

[ta2693]

LYC has been very volatile lately...my stop losses got hit by tails... hate it when that happens.

someone's wanting it cheap...manipulation

Buyers
Number Quantity Price
1 8 1.015
1 6000 1.010
2 40000 1.000
2 14500 0.995
3 15530 0.985
4 85000 0.980
4 60739 0.975
5 224000 0.970
6 62000 0.960
5 108300 0.950

Sellers
Price Quantity Number
1.020 50000 1
1.035 20000 1
1.040 12909 2
1.045 24000 2
1.050 79713 4
1.060 20000 1
1.070 7802 2
1.075 7000 1
1.090 45000 2
1.095 10000 1

been waiting all week for re-entry but methinks i'll sit it out for a while and let that guy do the manipulation and then i'll get in.

Huntleys also put out an ultra conservative analysis (downgraded) on LYC and that might spook the short termers a bit.

plus it's May (dracula music)...

I'll reenter at end May and we should see some spectacular stuff from LYC then..

I also use stop losses point except this one. I like the word "only", it is the only rare earth producer outside China. I know Chinese will protect their precious material like rare earth and raise the bar of exporting.They have already got more than 1000 billion US dollar surplus. and It keep on increasing. I do not think they need money from exporting their resource any more. Chinese will raise the price dramatically like what Aussie did in the past few years. This is the only share in my portfolio I am going to hold more than 5 years. I will not sell it whatever happen.

 

[siempre33]

"This is the only share in my portfolio I am going to hold more than 5 years. I will not sell it whatever happen."

Agreed....if there were one stock to hold LT
it is definitely Lynas....it is indeed rare!

I bought LYSCF and reco.ed it to friends, two of whom have also bought shares
after viewing the co. presentation and reading recent articles....

 

[purple]

I also use stop losses point except this one. .

yeah...i know that so well now!! this stock has very strong breakouts, and then the retrace with those darn tails. but the breakouts are marvellous...good gap ups..

 

[purple]

CONVERTIBLE NOTES CONVERSION INTO EQUITY
Number of securities to be issued : 87.5 million
Allotment Date : 4 May 2007

Geez, this explains why LYC sp has been sliding the past few days...word got out that the convertible notes would be converted cos it satisfied its conversion requirements..

87.5 million new shares are gonna flood the existing shares of 414.007 million..i don't know if they are going to dilute the share price, if that's the case, then :
new total shares on issue : 501.507 million shares
dilution factor : 17.447%
current sp of 0.995 diluted to 82.139.

Does anyone know if the dilution will be a sure thing or not?

I've been on email contact with Dr. Matthew James VP of Lynas Business Dev, but he would not divulge much.

 

[purple]

if i'm not mistaken, these options are the Singapore listed ones..

what would the Singaporean investors do when presented with new shares in a different coutry, with a potential profit of 0.995 - 0.40 = 0.595 per share?

they would start selling.

i read in smh.com yesterday that Singapore is currently in a housing boom. sheesh!!! they might sell the whole lot to buy into the real estate.

even if they sell a third of it, 30million shares would sell down LYC...

not looking good for LYC within this week.