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LYC - Lynas Rare Earths

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ROE said:
It always darkest before dawn

I like stocks that has reasonable balance sheet, potential but uncertainty and fear drive it to record low.

Buffett would say: "You pay a high price for a cheery consensus."
Click to expand...

Well said. Some more minor good news for your perusal.

http://www.bernama.com/bernama/v6/newsgeneral.php?id=673665
____________________________________________________________

KUANTAN, June 17 (Bernama) -- The Pahang federation of non-governmental organizations in support of the national agenda (Daun) today staged a peaceful gathering here to express their support for the government-backed Lynas project.

About 500 members, including those from Pertubuhan Peribumi Perkasa (Perkasa), the federation of Peninsular Malay students (GPMS), Pekida and Mukim Sungai Karang/Beserah humanitarian welfare organization were at the Padang Kemunting grounds for half an hour, starting 10am.

Operations coordinator Zulfadzli Shamsudin said the 43 NGOs that formed Daun called on the project to proceed as it would boost the state's economy and provide employment opportunities for the local community.

"Since the Lynas issue surfaced, a lot of information had been twisted and the federation plays a role in providing an explanation and presently many youths who realised this have joined us to play their respective role," he said.
____________________________________________________________

Currently holding. DYOR.
 
Main buff on monday will be the fact that their permit cancellation request has been denied.

up 10% in the states overnight
 
Unless Lynas has not received official notification of the "new conditions", surely we should expect to see an announcement prior to market opening this morning.
 
LYC can't even break $1 on a day like this with pretty positive news on the TOL. It seems like an under-reaction for a change.
 
skc said:
It seems like an under-reaction for a change.
Click to expand...

Haha, yeah even having followed it closely for almost 2 years now this is one of the most volatile, heavily traded stocks I've seen. Latest ASIC data has shorts at about 10% of stock so that probably plays a part.
 
PinguPingu said:
Nice hold above $1 today. Looks like things are coming together:
Click to expand...

Now all we need is a continuation of the good news in the coming weeks. ie TOL "issued", 1st shipment of concentrate is enroute to Malaysia, LAMP commisioned 100%,,, Production commenced!

Looking forward to a mad scramble by the shorters, as SP goes up steadily in the near term.

Maybe wishful thinking, or maybe, its about bloody well time!

Not holding my breath, however, if money talks and bull**** walks, then i believe it is time for the LAMP to shine


Holding, DYOR
 
Does anyone know the date of the next AELB meeting?

I would presume the TOL will be issued then!
 
lenny said:
Does anyone know the date of the next AELB meeting?

I would presume the TOL will be issued then!
Click to expand...

Hi Lenny, I cant remember where i read it today. However someone suggested that the AELB meets at the end of each month.


Holding, DYOR
 
StumpyPhantom said:
The market's not going to be happy until the first shipment is sent there, gets processed and then shipped out again for some mula, are they?
Click to expand...


Very uncertain times indeed Stumpy, who knows?

Malaysian politics leaves us very little to be confident about, regardless of how good Lynas looks, fundamentally or technically.

As a long term holder, I am cautiously optimistic. That if Malaysia wants to have any hope of continuing to attract foreign investment, they will now let Lynas get on with the job!

Holding, DYOR
 
reasons for slump

Hello Lyc-traders,

always so silent if the thing drops.

I was pretty surprised finding the message that my 0,75 limit was filled tonight (that is your day session). Will not be for long though.
Does anyone have an explanation except for a bunch of SL-orders and instititutional short sellers?

Someone said people might have sold for tax reasons. Does the fiscal year end in June down under?

Regards and TIA
Julia

Holding short term
 
Re: reasons for slump

pixel said:
yes

... and some people may need a tax loss ...
Click to expand...

thank you.

usually people need tax losses to compensate their gains from other investments. Looking at the stock market this seems rather unlikely, doesn't it?

Much more likely that criminal banks play their games. They can see the big stop loss orders and take advantage of it. Same with high leverage products. They even have computer programs that detect and execute long and short squeeze opportunities. Banks and their disgusting greed have to be stopped globally.

regards Julia

Holding short term
 
After hitting a 52 week low yesterday its hard to believe that might be issued today.

If it isn't issued today the SP will cop a hinding no doubt tomorrow.
 
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