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Gee Lynas has kicked off well today 1,300,000 shares down and up 10% It closed yesterday at its all time high too of $1.20, Hope she continues on 
LYC - Lynas Rare Earths
- Thread starter nioka
- Start date
Well, it looks like we have a breakout above 1.20. Hopefully it can get more attention and start moving.
What a bloody ripper! Hit $1.38 today, before coming to rest at $1.305
My first ever share trade, I bought 600 @ $1.05 in Late April and a further 2000 @ $1.05 in early June - sold today at $1.28 (after thinking I was being greedy when entering the order in last night!) for a profit of $523.
Will buy back in depending on how things look, I still maintain that this company has huge potential considering it's assets. I think we've seen the end of Sub-$1 Lynas, I'll probably buy in at around $1.20
Will also be looking at it's good mate Arafura.
My first ever share trade, I bought 600 @ $1.05 in Late April and a further 2000 @ $1.05 in early June - sold today at $1.28 (after thinking I was being greedy when entering the order in last night!) for a profit of $523.
Will buy back in depending on how things look, I still maintain that this company has huge potential considering it's assets. I think we've seen the end of Sub-$1 Lynas, I'll probably buy in at around $1.20
Will also be looking at it's good mate Arafura.
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Will appreciate any info that you can get, Nioka. LYC is one of those stocks that can jump upwards very quickly.
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Lynas pushing up well today hit a new high of 1.39 today hope it cracks 1.40 and holds. Sorry make that 1.395 as ispeak imean 1.40 cant keep up .
Definately something in the wind any ideas other than the only nearterm producer of rare earths, Maybe the mining has started and the mineral grades have changed ?
Oh 1.7 million shares through
Definately something in the wind any ideas other than the only nearterm producer of rare earths, Maybe the mining has started and the mineral grades have changed ?
Oh 1.7 million shares through
Lynas pushing up well today hit a new high of 1.39 today hope it cracks 1.40 and holds. Sorry make that 1.395 as ispeak imean 1.40 cant keep up .
Definately something in the wind any ideas other than the only nearterm producer of rare earths, Maybe the mining has started and the mineral grades have changed ?
Oh 1.7 million shares through
Good to see $1.40.That is 4 times my entry price. Because of that I locked in some profit and covered all my original investment. Not too many stocks do that for me and ,in my opinion, without risk. My info is that mining has started but as the ore is only to be stockpiled at this stage it would not be the reason for the latest SP increases. This company has so much going for it that there are plenty of sound reasons for the interest shown by investors. In the past it was held back by merchant banks selling down their original cheap investment. The word RARE in its product is the real price setter and when production time is closer we should see a real bounce. In the meantime we can expect some fluxuations in price.
I bought some more today, due to the nice looking chart unfolding. Today (LYC) broke the short term minor resistance closing near the high of the range on the beginnings of increasing volume (still not big volume however). The $1.20 was a very important level of support, being the gap refill from the jump up last month and the extended resistance line, since April. OBV looking spot on. Let's see what the next few months have in store for LYC.
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Lynas Corporation
Does anyone have any information on Lynas Corp? I am not able to find this stock mentioned in any posts. I read about it in a research report. According to this report Goldman Sachs owns 9.1%, Merrill Lynch owns just under 10%, and J.P. Morgan owns 5.8%. This company is an Australian based rare earth metals producer. I am in the U.S. so I have to call my broker to see if I can even get it purchased. I think it is around $1.40 right now. Any info would be appreciated. I believe the symbol is AU:LYC.
Gene Larsen
Does anyone have any information on Lynas Corp? I am not able to find this stock mentioned in any posts. I read about it in a research report. According to this report Goldman Sachs owns 9.1%, Merrill Lynch owns just under 10%, and J.P. Morgan owns 5.8%. This company is an Australian based rare earth metals producer. I am in the U.S. so I have to call my broker to see if I can even get it purchased. I think it is around $1.40 right now. Any info would be appreciated. I believe the symbol is AU:LYC.
Gene Larsen
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Re: Lynas Corporation
Gene,
Welcome aboard LYC. HEre's a run down of LYC in bullet points.
THE GOOD
LYC owns the Mt. Weld mine, highest grade RE in the world
LYC started mining in 2007 and will sell the product in 2008
LYC is currently building the processing factory in Malaysia, LYC will receive a 10 year tax holiday from Malaysian government
LYC signed contract with Rhodia (French chemical company) as an 'anchor' customer. Other customers are in talks for long term contracts, but at current prices
RE price is expected to inrease.
RE demand is expected to increase. REs are used in environmentally friendly products (hybrid cars) and high technology stuff like Ipods, MP3s, flat panel screens etc, which are all high demand products.
LYC has strong contacts with China, who controls the RE market at the moment. Nick Curtis the Exec Chairman, founded Sino Gold, which is a Sydney based company doing mining in China.
major shareholders include Goldman Sachs and JP Morgan
China, world’s 90% producer of RE’s, has imposed a quota on RE production to control prices
THE BAD
RE market is small.
Other RE miners are starting to come up eg. ARU
US has stockpiled RE, just in case China plays too much with the price and it's too expensive to keep buying from China. US has 1 mine which could be brought into production again if prices go too high for the mineral at the moment.
LYC is 100% RE mining. If a cheaper alternative suddenly appears, the RE sector might collapse
Does anyone have any information on Lynas Corp? I am not able to find this stock mentioned in any posts. I read about it in a research report. According to this report Goldman Sachs owns 9.1%, Merrill Lynch owns just under 10%, and J.P. Morgan owns 5.8%. This company is an Australian based rare earth metals producer. I am in the U.S. so I have to call my broker to see if I can even get it purchased. I think it is around $1.40 right now. Any info would be appreciated. I believe the symbol is AU:LYC.
Gene Larsen
Gene,
Welcome aboard LYC. HEre's a run down of LYC in bullet points.
THE GOOD
LYC owns the Mt. Weld mine, highest grade RE in the world
LYC started mining in 2007 and will sell the product in 2008
LYC is currently building the processing factory in Malaysia, LYC will receive a 10 year tax holiday from Malaysian government
LYC signed contract with Rhodia (French chemical company) as an 'anchor' customer. Other customers are in talks for long term contracts, but at current prices
RE price is expected to inrease.
RE demand is expected to increase. REs are used in environmentally friendly products (hybrid cars) and high technology stuff like Ipods, MP3s, flat panel screens etc, which are all high demand products.
LYC has strong contacts with China, who controls the RE market at the moment. Nick Curtis the Exec Chairman, founded Sino Gold, which is a Sydney based company doing mining in China.
major shareholders include Goldman Sachs and JP Morgan
China, world’s 90% producer of RE’s, has imposed a quota on RE production to control prices
THE BAD
RE market is small.
Other RE miners are starting to come up eg. ARU
US has stockpiled RE, just in case China plays too much with the price and it's too expensive to keep buying from China. US has 1 mine which could be brought into production again if prices go too high for the mineral at the moment.
LYC is 100% RE mining. If a cheaper alternative suddenly appears, the RE sector might collapse
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Happy reading...
Australian Gov phasing out standard light bulbs by 2015(high energy wastage); to change to compact fluorescent bulbs (which use RE)
http://www.smh.com.au/news/environm...-bulbs-turnbull/2007/02/20/1171733741221.html
EU bans NiCd batteries beginning 2010 (toxic); to change to NiMh batteries (which use RE):
http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=36763
China moves fast to dominate RE market
http://www.lynascorp.com/content/up...ngs/International Herald Tribune 23-01-06.pdf
Toyota to increase hybrid car (Prius) production 50% in 2007 (in Japan)
http://www.greencarcongress.com/2006/09/report_toyota_t_1.html
Speculation that Aus government leaning towards Green
http://www.theaustralian.news.com.au/story/0,20867,21276402-30417,00.html
Australian Gov phasing out standard light bulbs by 2015(high energy wastage); to change to compact fluorescent bulbs (which use RE)
http://www.smh.com.au/news/environm...-bulbs-turnbull/2007/02/20/1171733741221.html
EU bans NiCd batteries beginning 2010 (toxic); to change to NiMh batteries (which use RE):
http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=36763
China moves fast to dominate RE market
http://www.lynascorp.com/content/up...ngs/International Herald Tribune 23-01-06.pdf
Toyota to increase hybrid car (Prius) production 50% in 2007 (in Japan)
http://www.greencarcongress.com/2006/09/report_toyota_t_1.html
Speculation that Aus government leaning towards Green
http://www.theaustralian.news.com.au/story/0,20867,21276402-30417,00.html
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Re: Lynas Corporation
You can get shares of Lynas via the pinksheets in the U.S. symbol LYSCF.PK, this is the best forum I have found for info, LYNASCorp web site is also very good. Best of Luck, Lynas has been very, very good to me !!
Does anyone have any information on Lynas Corp? I am not able to find this stock mentioned in any posts. I read about it in a research report. According to this report Goldman Sachs owns 9.1%, Merrill Lynch owns just under 10%, and J.P. Morgan owns 5.8%. This company is an Australian based rare earth metals producer. I am in the U.S. so I have to call my broker to see if I can even get it purchased. I think it is around $1.40 right now. Any info would be appreciated. I believe the symbol is AU:LYC.
Gene Larsen
You can get shares of Lynas via the pinksheets in the U.S. symbol LYSCF.PK, this is the best forum I have found for info, LYNASCorp web site is also very good. Best of Luck, Lynas has been very, very good to me !!
Lynas continues to perform. It is now one of my best investments to date. 8c rise at this stage today. A considerable international interest is adding to the list of buyers. If this continues as we approach production I would expect it will become a 10 bagger for me.
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Its been fairly quiet, any news ? hopefully a small consolidation period before the next leg up!
Bouncing nicely today off support. This is around $1.20, being the resistance turned support and that uptrending line from mid March. No volume on the correction since mid July either. Could form into a very nice reversal candle today. Will need to be confirmed with an up day tommorow. My stop currently $1.19.
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LYNAS SECURES US$105 MILLION BANK DEBT FACILITY FOR
THE DEVELOPMENT OF THE RARE EARTHS PROJECT
The Directors of Lynas Corporation Limited (“Lynas”) (ASX code LYC) are pleased to announce
the company has received a Letter of Offer providing commitment from Bayerische Hypo- und
Vereinsbank AG (HVB) to underwrite a Facility of US$105 million.
Draw down of this Facility is subject to standard banking due diligence, all Facility documentation
in place; all necessary authorisations, consents and approvals in place; and completion of a
convertible note for a minimum of US$50 million. This convertible note will be provided by the
Indus Capital Partners LLC facility announced on 6 July 2007.
Lynas has accepted this Facility. The key terms of the US$105 million Facility include:
1. Senior Debt Facility for US$80 million and Mezzanine Facility for US$10 million with
repayments commencing December 2009 and ending December 2013.
2. Working Capital Facility for US$15 million redrawable until December 2012 with a
repayment in June and December 2013.
3. The margin for all components of the facility is 2.5% over the USD SIBOR reference rate
after construction is complete and 3.0% during construction.
Lynas Executive Chairman, Nicholas Curtis said:
“The facility from HVB is a major achievement for Lynas. It underscores the financial robustness
of the Rare Earths project and secures the company’s ability to develop a globally significant
position as a key supplier in the Rare Earths industry.”
Latest Announcement
THE DEVELOPMENT OF THE RARE EARTHS PROJECT
The Directors of Lynas Corporation Limited (“Lynas”) (ASX code LYC) are pleased to announce
the company has received a Letter of Offer providing commitment from Bayerische Hypo- und
Vereinsbank AG (HVB) to underwrite a Facility of US$105 million.
Draw down of this Facility is subject to standard banking due diligence, all Facility documentation
in place; all necessary authorisations, consents and approvals in place; and completion of a
convertible note for a minimum of US$50 million. This convertible note will be provided by the
Indus Capital Partners LLC facility announced on 6 July 2007.
Lynas has accepted this Facility. The key terms of the US$105 million Facility include:
1. Senior Debt Facility for US$80 million and Mezzanine Facility for US$10 million with
repayments commencing December 2009 and ending December 2013.
2. Working Capital Facility for US$15 million redrawable until December 2012 with a
repayment in June and December 2013.
3. The margin for all components of the facility is 2.5% over the USD SIBOR reference rate
after construction is complete and 3.0% during construction.
Lynas Executive Chairman, Nicholas Curtis said:
“The facility from HVB is a major achievement for Lynas. It underscores the financial robustness
of the Rare Earths project and secures the company’s ability to develop a globally significant
position as a key supplier in the Rare Earths industry.”
Latest Announcement
Back trading. An announcement re debt facility. Now trading well above todays low but still down for the day as are most stocks.
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