DFever, I've been calling my low expectations for the Lynas SP thru to Feb 14 for months based on the developing story of low RE demand.
With NC now moving S2 back into the second half that picture has deteriorated further and I called it last night.
I bought a reasonable parcel of CFD cover at 62c this morning.
Have also stated that I retain my LT confidence in Lynas and will buy at -55c or +75c.
Unlike a lot of others I'm not here trashing Lynas, I have a very high regard for their business plan, but well past time for punters to acknowledge that the RE "rare" hype was a figment of Chinese strategic planning. After that reality washes thru the system Lynas will still be there grinding away at building a business, and I'll still be holding my position.
Is that really so hard to understand or his your brain just numb from continually head butting a brick wall?
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2 | 329 | 6.090 |
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6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
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6.210 | 710 | 1 |
6.230 | 5000 | 1 |
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