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- 1 October 2008
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That is essentially the same argument that's been used for years in Australia in regard to controversial projects.IA clean Lynas plant is a better option than letting the Chinese take over the world I reckon.
One thing really comes to mind about this project.
Why not build it in Australia?
I suspect the answer to that will reveal rather a lot.
One thing really comes to mind about this project.
Why not build it in Australia?
I suspect the answer to that will reveal rather a lot.
China, the biggest supplier of rare earths, may almost double exports this year and meet quotas set by the government as lower prices stimulate demand.
There is ALOT! of resistance over there , The next election is coming up soon and I wouldn't be surprised if Lynas gets denied , It's not a good situation to be in IMO.errrr..... how it could go as low as 50-90c? some more bad news will come? i thought new plant will be done very soon?
Draw a line on the LYC graph @ 1.08
There is a TONNE of support at around $1.08.
Seems like someone MAY be accumulating.
I doubt we'll see lynas below $1.08.. if it does stop losses may be hit.
Last few days has seen very strong for LYC. Hence why I THINK bottom may be hit at $1.08.
If your thesis is that someone is accumulating which is generating strong support at 1.08, may I ask what you propose happens when they cease their operations?
I'm just itching to trade LYC, but I am also very scared of the sovereign risk, and the sp just collapsing one day because of it...
What makes people like you so sure it will not be a problem?
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