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LYC - Lynas Rare Earths
- Thread starter nioka
- Start date
That's akin to gambling:
We shall see what happens I guess.
With gambling, you can't protect profits
Molycorp gave rare earths a nice kick, but I will watch for re-entry further down.
You might want to check out HC's short term trading positions. Buying rumours close to EXPECTED announcement dates is actually a very common trading strategy, or buying on the news/after trading halts for quick swing trades.
e.g. Molycorp
Another one you should be familiar with is RED. Look what happened close to the November 2011 gold pour date
Interesting piece on the ABC the other night.
Starts at the 8 minute mark. http://www.abc.net.au/iview/?WT.srch=1&WT.svl=TV_iview_au#/view/905522
Take note of what NC says about the TOL.
Cheers
Starts at the 8 minute mark. http://www.abc.net.au/iview/?WT.srch=1&WT.svl=TV_iview_au#/view/905522
Take note of what NC says about the TOL.
Cheers
Some development on TOL case - http://thestar.com.my/news/story.asp?file=/2012/4/12/nation/20120412150900&sec=nation
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Slowly but surely we edge towards TOL issuance and production.
A good article summarising the Judge's decision to dsimiss the license review:
http://www.themalaysianinsider.com/...dents-fail-in-bid-to-challenge-lynas-licence/
A good article summarising the Judge's decision to dsimiss the license review:
http://www.themalaysianinsider.com/...dents-fail-in-bid-to-challenge-lynas-licence/
Interesting article in new york times:
http://www.nytimes.com/2012/04/20/b...ant-in-malaysia-counters-complaints.html?_r=2
"The company, Lynas, said the first phase of its project would be ready to open in two weeks."
I am wanting to re-enter around sub $1.10. Buy the rumour.
http://www.nytimes.com/2012/04/20/b...ant-in-malaysia-counters-complaints.html?_r=2
"The company, Lynas, said the first phase of its project would be ready to open in two weeks."
I am wanting to re-enter around sub $1.10. Buy the rumour.
This is not a rumor LAMP is ready to go as soon as TOL is issued
it could be as soon as next week...
Do you know the LYC saga that been going on?
Lynas also up the anti and launch a Defamation case against a paper, anti-lynas group and its leaders for spreading false information.
Since then these guys pull down all the bull**** articles, I said good on Lynas
sue them and make them accountable for their actions, hit them where it hurts the wallet...
KUANTAN (April 19, 2012): "Lynas Advance Material Plant Malaysia (Lamp) needs immediate clearance of the Temporary Operating License (TOL) from the government as delays in the plant operation would cost the company, their supplier and shareholder financial losses."
But how would you know TOL won't be delayed?
Always a risk. I just think LYC has been trading sideways. Hence the downside of $1.10 vs upside is a good risk/reward if the TOL is issued.
http://www.thesundaily.my/news/355052
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Well the Minister has said he will make his decision within April. So that leaves 6 days. The AELB has also said they are only waiting on the outcomes of the judicial review (finished) and the Minister appeal to formally issue the TOL. There has to be new, convincing, empircal evidence to suggest that the LAMP should not operate and so far the biggest problem there might have been has been dealth with (if needed, waste can be recycled to completely safe materials).
I just feel like I know far too much about Malaysian politics these days
I just feel like I know far too much about Malaysian politics these days
Well the Minister has said he will make his decision within April. So that leaves 6 days. The AELB has also said they are only waiting on the outcomes of the judicial review (finished) and the Minister appeal to formally issue the TOL. There has to be new, convincing, empircal evidence to suggest that the LAMP should not operate and so far the biggest problem there might have been has been dealth with (if needed, waste can be recycled to completely safe materials).
I just feel like I know far too much about Malaysian politics these days
Do you have a source for this decision by April comment? I only ask because it's now May...
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Someone gave the SLSM anti Lynas group a 300 page technical report to gum up the works and make a court decisions on the TOL difficult, given the research needed to understand and appropriately answer the questions it raised.
Now who do you think that could have been?
Someone with an axe to grind?
Someone scared of Lynas being first to market?
Ego's on the line?
ON ANOTHER SUBJECT
Jack Lifton is on the Malaysia Symposium panel tomorrow and so I hope he doesnt use this chance to ramp his favourite REE mine GWG. In the last few reports blogs speeches I have seen he has rarely mentioned LYNAS
So it makes you wonder what his agenda is given that Lynas is days away from getting its TOL issues and he refuses to give them any positive press?
As he is on the panel for Mondays symposium I hope he doesnt:
1. continue his China bashing
2. continue his ramping of GWG
3. create doubt about LYNAS (as Lynas has the green light, met all the laws and recommendations from the IAEA, AELB, Malaysian Science Minister - etc etc.
Keep to the facts Jack and forget you tiff with Nick Curtis - He has done it and built the first LAMP outside of China. Whereas, you are still writing about it. So be fair and put your agenda aside, thanks
ALSO lets see if the SMSL and Anti Lynas speakers turn up. THEY HAVE been invited.
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Yeah seems like it's taking longer, it was one of many Malaysian insider articles I read that week.
http://thestar.com.my/news/story.asp?file=/2012/5/10/nation/20120510165948&sec=nation
PSC on Lynas satisfied with rare earth mining company explanation
KUANTAN: The Parliamentary Select Committee (PSC) on Lynas is satisfied with the explanations given by the rare earth mining company.
The PSC was briefed by Lynas Malaysia Sdn Bhd managing director Datuk Mashal Ahmad, radiological safety adviser Prof Ismail Bahari and plant general manager Khairul Salleh Jais.
During the visit that lasted five hours, the committee was also given an on-site tour of the plant.
PSC member Datuk Zulkifli Noordin concurred with Mohamed Khaled, saying that claims that Lynas was secretive about its operations were unfounded.
"Even information that was not supposed to be revealed was revealed to us," said the Kulim Bandar Bahru MP.
Interesting article. Currently holding. DYOR.
PSC on Lynas satisfied with rare earth mining company explanation
KUANTAN: The Parliamentary Select Committee (PSC) on Lynas is satisfied with the explanations given by the rare earth mining company.
The PSC was briefed by Lynas Malaysia Sdn Bhd managing director Datuk Mashal Ahmad, radiological safety adviser Prof Ismail Bahari and plant general manager Khairul Salleh Jais.
During the visit that lasted five hours, the committee was also given an on-site tour of the plant.
PSC member Datuk Zulkifli Noordin concurred with Mohamed Khaled, saying that claims that Lynas was secretive about its operations were unfounded.
"Even information that was not supposed to be revealed was revealed to us," said the Kulim Bandar Bahru MP.
Interesting article. Currently holding. DYOR.
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False break imo
Monday the 21st is appearing to be a big day for lyc with the psc set to give their final public hearing in regards to the lamp and if all good would make sense for minister ongkili to hand down his decision and issue the Tol.
Could be a big rerating back to 2 bucks plus.
Could be a big rerating back to 2 bucks plus.
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