Also one more thing, these is no doubt an REE crunch is going to happen this year if not its happening right now. Let me make this clear, my family is not in the REE exploration business no more because there is absolutely NO money in the REE exploration business, none whatso ever as sophisticated institutions has totally pulled out of this market space and the company has to abandon the project altogether. REE explorer if they can not secure funding they will go bust and some companies if desperate enough will go to the Chinese.
I am also wondering out loud will Molycorp survive this crunch knowing that when the took one 1 billion dollar debt to take over Neo Technologies, Neo technologies also HAS DEBT of its own.
So in conclusion what i am trying to get at is if rare earth company that can survive this coming crunch will emerge with the whole world as its Oyster as they essentially have zero competitors outside of China and not to mention opportunity to takeover other REE companies in trouble.
Knowing that the REE process works and 175 million dollars cash in the bank I am positively sure Lynas will be the survivor.
Again risk to us is knowing costs of production and is if there is any actual demand. I believe the demand is there and so the only risk i am facing is cost of production.
- Forums
- ASX - By Stock
- LYC
- $ 0,58 per close
$ 0,58 per close, page-25
-
-
- There are more pages in this discussion • 15 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.80 |
Change
0.000(0.00%) |
Mkt cap ! $6.356B |
Open | High | Low | Value | Volume |
$6.85 | $6.89 | $6.77 | $9.256M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | $6.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 13181 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | 6.790 |
2 | 6000 | 6.780 |
3 | 12113 | 6.770 |
2 | 25312 | 6.760 |
2 | 12498 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 9043 | 4 |
6.820 | 20113 | 5 |
6.830 | 8832 | 1 |
6.840 | 8832 | 1 |
6.850 | 9432 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |