LYC 0.00% $6.40 lynas rare earths limited

sky business, page-6

  1. 3,499 Posts.
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    "the space of 1 hour, and in answer to 2 separate questions the 3 on the panel gave Lynas a resounding dont buy vote.this does not help our sp but is their honest opinion"

    The issue with following Analysts is that they follow a herd mentality. When REE price is down $40 per kg = Dont Buy and when REE price was $200 per kg PLEASE BUY BUY BUY!

    Common sense tells you that if there is a nice double story house down your street, assuming quality and condition is the same would you rather pay $1 million for it or would rather pay $400,000 for it?

    I will tell you that those guys will only recommend you to buy Lynas after it has become a blue-chip stock but then again by that time not much reward in it as compared to someone like me who paid 61c for it. Risk reward i guess.

    There's no doubt in my mind, if we can avoid further black swans and also if Nick don't screw this up we are looking at the evolution of a Bluechip company in the likes of Fortescue. No doubt and i am betting a huge chunk of my money on it...well pretty much my whole net-worth.
 
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