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LYC - Lynas Rare Earths

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Wouldve been a little late on the bounce. Some interesting twitter conversations around Lynas recently.
 
Since Hotcopper have managed to destroy their site, I thought that this would be a good forum for ex HC members to come and form a new community. Hopefully we can get some good contributors here where the format is so much simpler and user-friendlier than the new Hot-copper.
 
hope call of manipulation and shorters cause my stock to drop doesn't get carry on here
 

Cheers Scanspeak. How about speculation (not mine but someone in a better position) that the 10,000,000 shares Nick Curtis put up to secure a loan was to develop Forge?
 
TheAbyss said:
Cheers Scanspeak. How about speculation (not mine but someone in a better position) that the 10,000,000 shares Nick Curtis put up to secure a loan was to develop Forge?
Click to expand...

More like raising finance to pay the tax on the capital gain made when he sold a lot of LYC for around $2 at the start of the tax year to June 2011 and now due. Another possibility is a payment on his yacht that is rumoured to be up for sale. He is hurting like all LYC shareholders but as Chairman, and until recently the CEO, much of that problem must be sheeted back to him anyway.
 
Bit of a bounce today... No announcements... What's going on?

Something in the Malaysian elections?
LED TV sales up...

Guessing guessing
 
Bazmate said:
Bit of a bounce today... No announcements... What's going on?

Something in the Malaysian elections?
LED TV sales up...

Guessing guessing
Click to expand...

Malaysian Government hold on to power over the weekend election...they are pro business mob unlike the opposition anti-Lynas mob...
 
Bazmate said:
Bit of a bounce today... No announcements... What's going on?

Something in the Malaysian elections?
LED TV sales up...

Guessing guessing
Click to expand...

Someone was spruiking them today, Motley Fools??
 
galumay said:
Someone was spruiking them today, Motley Fools??
Click to expand...

Nah, as ROE said, 'positive' election results in Malaysia. Retail investors were unduly concerned about losing the election, and so have piled in now that results are confirmed.
 
herzy said:
Nah, as ROE said, 'positive' election results in Malaysia. Retail investors were unduly concerned about losing the election, and so have piled in now that results are confirmed.
Click to expand...

No, I wasnt guessing, I actually saw Motley or one of the others spruiking them yesterday.
 
herzy said:
Apologies. Remember anything interesting?
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No need to apologise! Anyway, you are more than likely correct - its doubtful the price would be effected as much by a site spruiking the shares as by the news coming out of the Malaysian election.

I didnt read the tip because I wasnt interested in the share, and now i am damned if i can find the email!
 
Good news for Lynas might be that yesterday Chinese central government will issue a new regulation on rare earths export market. Chinese government will treat the rare earths as the national security related goods and reduce the export quota.
It might be a good news for Lynas soon.
 

The announcement came after market closed yesterday...did you buy yesterday on the technical?

I am not sure the announcement reads well... it's production is well below the plant's capacity and they didn't sell all that they have prduced. There's also no mention of sale price achieved or production costs. But one thing that's certain is that they are definitely still cashflow negative based on those figures.
 

Yes, I started buying yesterday at Fibonacci support, and added today on Intraday confirmation. But don't let that influence you; I may be wrong and need to stop out on Plan B.
 
pixel said:
Yes, I started buying yesterday at Fibonacci support, and added today on Intraday confirmation. But don't let that influence you; I may be wrong and need to stop out on Plan B.
Click to expand...

Thanks. You posted the announcement so had me wondering what your entry was based on. I can see the Fib levels if that's how you trade.
 
skc said:
Thanks. You posted the announcement so had me wondering what your entry was based on. I can see the Fib levels if that's how you trade.
Click to expand...

The Fibs will only come into play when "Trinity" ( http://rettmer.com.au/TrinityHome/Helps/cTrinityDuo.htm ) suggests strength. In this case, I also considered earlier breaks of those falling trendlines, Divergence in Momentum, and the overturned exit signal.



But all of that is only verified when the chart shows some clear support at the 32c breakout level.
 
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