Thanks mate. Which Forum is he on?
Thanks mate. Which Forum is he on?Hey Rabbithop, thanks mate. Offloaded at the $10.23 mark, free carry shares kept in the bottom draw plus normal run of the mill day trading effort. Excellent gain on this occasion. She's a beast of a stock ... Anyways, see what it does today, a new day new challenges ha ha h ha. I touch base with farmerge pretty much daily, I'll say hello from you, he will like that.
kind regards
rcw1
MHO, interested within this range 6 to 7 with another ASX down day. We are lucky, it's our reporting season.Good morning
Published today in New Corp media
Have a very nice day, today.
- Lynas cut to Sell: Ord Minnett
Kind regards
rcw1
Jury is still out for mine ... Most interesting.MHO, interested within this range 6 to 7 with another ASX down day. We are lucky, it's our reporting season.
✌Retired's pocket money is restricted. This is not one of my stock that I must own thus my low entry price. It's down to my personal preference in trading. Current no1 on my list is PLS..Jury is still out for mine ... Most interesting.
Kind regards
rcw1
Could not buy it this morning, seems that the news was shared among some based on price actionGood afternoon
LYC announcement. See attached.
LYC has signed new agreements with Japan Australia Rare Earths B.V. (JARE). Lynas and JARE are parties to a long term senior loan facility, with a principal balance of US$141 million, an interest rate of 2.5% p.a. and a maturity date of 30 June 2030 (“Loan Facility”). JARE will:
rcw1 likes this arrangement
- Provide a contribution of US$9 million to the exploration program at Mt Weld via subscription for ordinary shares in Lynas at 5-day volume-weighted average price;
- Provide technical support towards exploration program; and
- JARE has agreed to remove capital management restrictions in the US $141 million Loan Facility.
Kind regards
rcw1
Good evening qldfrogCould not buy it this morning, seems that the news was shared among some based on price action
Hi rcw1.Good evening
Published The Motley Fool this afternoon (12/09/22)
Is the Lynas share price a buy?
The broker Macquarie currently has a neutral rating on the business, with a price target of $9.50. That implies a possible rise of mid-single-digits for Lynas over the next 12 months. However, it noted that rare earth prices have recently fallen back.
The broker Ord Minnett is much less optimistic about Lynas’ prospects. It has a sell rating with a price target of just $4.85. That implies a possible fall of more than 45% from here. The broker notes the high level of capital expenditure that Lynas is planning to spend on its projects, with project execution being a potential risk. It also pointed out that the Lynas share price has fallen.
Looking at the Lynas share price and projections, Macquarie thinks Lynas is valued at 13 times FY23’s estimated earnings and Ord Minnett thinks Lynas is priced at under 11 times FY23’s estimated earnings.
Ha ha ha ha.
Kind regards
rcw1
Hi rcw1.
B careful with LYC – Rare Earths may become obsolete &/or irrelevant in the near future.
Spin doctors may use their excessive enthusiasm to convince Newbies that LYC is the next best thing to Sliced Bread, all in an attempt to pump up the SP so they can sell at a profit B4 the LYC Ship Sinks.
Part of the reason for LYC’s recent pullback is because New Technologies are evolving atm, they will prob take 5 years to develop into a marketable product, but the writing is on the wall for some of the important Rare Earths.
Google "Alternatives to Rare Earths".
Just ran my slide rule over LYC this morning –
Bad points = Bad PE in relation to NTA, Price is trading at well above NTA, SP is expensive in relation to Av of Last 3 Yrs EPS, Excessive Debt relative to Owners Earnings.
Good Points = Balance Sheet Ratios & Margins of Safety (MOS) rate as “Good”.
LYC’s current IV is $7.11 to $7.96. (the Dark Maroon Rectangle on the Chart below)
The Ord Minnett call of $4.85 is pretty close to my TA call of $5.11, Note the recent Triple Top, then the Lower Highs & Lower Lows.
View attachment 146758
I personally like the Ord Minnett “direct and blunt attitude” to their analysis.
All I’m suggesting is that you “Be Careful” with the Rare Earths Sector.
AND
That you do Lots, and Lots of your own research.
Remember that the idea is to buy stocks that are Below their calculated Intrinsic Value - LYC is way above that figure, and as the LYC SP drops, their IV will also drop, until the SP reaches a price that matches the "Average Punters expectations."
As usual, I’m Happy to email my research to you.
Cheers M8.
Hi Sean,What are the new technologies to replace REE Dr B?
Good Morning Dr. Good to see your chart and again I am almost right in waiting for $4 plus, not in a hurry to have it for Trading and not for long term.Hi rcw1.
B careful with LYC – Rare Earths may become obsolete &/or irrelevant in the near future.
Spin doctors may use their excessive enthusiasm to convince Newbies that LYC is the next best thing to Sliced Bread, all in an attempt to pump up the SP so they can sell at a profit B4 the LYC Ship Sinks.
Part of the reason for LYC’s recent pullback is because New Technologies are evolving atm, they will prob take 5 years to develop into a marketable product, but the writing is on the wall for some of the important Rare Earths.
Google "Alternatives to Rare Earths".
Just ran my slide rule over LYC this morning –
Bad points = Bad PE in relation to NTA, Price is trading at well above NTA, SP is expensive in relation to Av of Last 3 Yrs EPS, Excessive Debt relative to Owners Earnings.
Good Points = Balance Sheet Ratios & Margins of Safety (MOS) rate as “Good”.
LYC’s current IV is $7.11 to $7.96. (the Dark Maroon Rectangle on the Chart below)
The Ord Minnett call of $4.85 is pretty close to my TA call of $5.11, Note the recent Triple Top, then the Lower Highs & Lower Lows.
View attachment 146758
I personally like the Ord Minnett “direct and blunt attitude” to their analysis.
All I’m suggesting is that you “Be Careful” with the Rare Earths Sector.
AND
That you do Lots, and Lots of your own research.
Remember that the idea is to buy stocks that are Below their calculated Intrinsic Value - LYC is way above that figure, and as the LYC SP drops, their IV will also drop, until the SP reaches a price that matches the "Average Punters expectations."
As usual, I’m Happy to email my research to you.
Cheers M8.
Hello @DrBourseHi Sean,
Way too many options for me to list here - as I mentioned, perhaps 'Google' - "Alternatives to Rare Earths".
Good evening Dr BourseHi rcw1.
B careful with LYC – Rare Earths may become obsolete &/or irrelevant in the near future.
Spin doctors may use their excessive enthusiasm to convince Newbies that LYC is the next best thing to Sliced Bread, all in an attempt to pump up the SP so they can sell at a profit B4 the LYC Ship Sinks.
Part of the reason for LYC’s recent pullback is because New Technologies are evolving atm, they will prob take 5 years to develop into a marketable product, but the writing is on the wall for some of the important Rare Earths.
Google "Alternatives to Rare Earths".
Just ran my slide rule over LYC this morning –
Bad points = Bad PE in relation to NTA, Price is trading at well above NTA, SP is expensive in relation to Av of Last 3 Yrs EPS, Excessive Debt relative to Owners Earnings.
Good Points = Balance Sheet Ratios & Margins of Safety (MOS) rate as “Good”.
LYC’s current IV is $7.11 to $7.96. (the Dark Maroon Rectangle on the Chart below)
The Ord Minnett call of $4.85 is pretty close to my TA call of $5.11, Note the recent Triple Top, then the Lower Highs & Lower Lows.
View attachment 146758
I personally like the Ord Minnett “direct and blunt attitude” to their analysis.
All I’m suggesting is that you “Be Careful” with the Rare Earths Sector.
AND
That you do Lots, and Lots of your own research.
Remember that the idea is to buy stocks that are Below their calculated Intrinsic Value - LYC is way above that figure, and as the LYC SP drops, their IV will also drop, until the SP reaches a price that matches the "Average Punters expectations."
As usual, I’m Happy to email my research to you.
Cheers M8.
I am more worried for Mahail if he didnt off load LIT n SPL! I believe at that time, he did have a fair amt in LIT!Good evening Dr Bourse
Always lovely reading your responses, thanks for that. As professional, as always.
The days of the investment side of rcw1 association with LYC are long gone. Once it hit $10 sometime back. Mahail forecast that one. Have you heard from him Dr Bourse?? Would luv to ask him whether he actually did offload his LYC stash at $10 plus as he always indicated he would, rcw1 would hat off to him.
So mate, been milking that cow, fast trading LYC, most rewarding for rcw1, true that ... why would rcw1 want to stop that steady flow of earn
Do note that SP has dropped maybe 20% from last year. ha ha ha ha ha.
## Latest announcement today (13/09/22) more water supply issues in Malaysia.
Talk soon.
Kind regards
rcw1
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?