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LYC - Lynas Rare Earths

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Good thing I didnt back up my stab in the dark with money.

Buying support is evaporating quickly.

Just punched in a 52 week low.

Im thinking there are a LOT of 'little people' who have lost big on this.

and probably a select few ' big people' that have won big.

Has anyone held a short on this over the last 2 days ? Well done if so.

Should be very interesting to watch this over the next few weeks.

Just to add to all the excitement I believe there report is coming out tomorrow.
 

indeed.... LYC is killing my life right now...
 
Down a nasty 40% on Lynas now. Said I'd wait till it was back below 2$, looks like I should have waited a bit longer.

However, Lynas has always been high risk and..... with great risk, comes great volatility. Let's see how they're doing when (if) LAMP comes online.

Edit:

Using only a 80$/kg spot price (half current price) of Rare Earths, Patersons has a price target of $2.90, retaining their buy.
 
It's been a well publicised, on-going story for some time now. The proposal was defeated but obviously certain shareholders have lost confidence in the chairman.

I doubt whether it is having much influence on the current SP weakness which is more to do with REE prices, difficulties in Malaysia and global uncertainty generally.

I don't hold.
 
After skimming the report, I think they are planning on finishing LAMP within the next 12 months even though they dont have final approval for it yet. Anyone else read it differently?
 

Difficult to quantify but honest management with interests aligned with shareholders is vital IMO

http://www.smh.com.au/business/lyna...-that-chairman-steps-down-20110922-1kn7i.html
 
back to pennies

..and without the LAMP being canceled yet we are moving towards my price target of 0.75 AUD.
Basket prices, a corrupt CEO that cares for his own profits only and above all almost a month of no news regarding the LAMP / waste plan are the reasons.

I feel sorry for the longs but stay short.

1979 regards
Julia
 
Harsh assault on this stock. Picked some up at 1.05, continues to fall. There is allot of risk priced into this thing!
 
Re: back to pennies


Both ARU and LYC are down ~64-65% since the beginning of April.


What a convergence...
 
Over at the ramp up base they are quite desperate.
Someone is spreading ridiculous rumors:

"Commissioning through end of year, production beginning of 2012. From a very reliable source..."

Lynas hasn't even presented a waste management plan (due by August)

regards
Julia
 
 
Yeah Kat agree.

This has had a LOUD sell on it when it closed below $1.70

This now has 50 cents written all over it
 
Lenny and Cat,

Can you please enlighten me - what is the logic of this aggressive fall? Is it that there are simply no buyers around? REE prices haven't fallen that much and LYC hasn't announced any negative news!

LYC is starting to look very cheap on future forecasts (once again, take those forecasts with a salt shaker). If it goes below 50c, I will probably buy more. Oh well, always learning
 
Never seen a bear market before? stocks fall because buyers are waiting for a bottom and a change in trend.
 
TabJockey said:
Never seen a bear market before? stocks fall because buyers are waiting for a bottom and a change in trend.
Click to expand...

Heh, good point - I guess I am trying to be rational. Sorry about that

The good news is, there are some bargains around right now. LYC is one of them in my opinion.
 
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