six days ago I started a thread for guessing the share price of Lynas after the general election in Malaysia
I stick by my guns
The volume that has gone through so far in the week does not reflect an average of 15 million shares a day. Thought this was a bit wierd (31,147,363 shares this week so far)An average of 7.79 million per day
I figure this is due to the whole world market having a correction
I have reposted the comments made in an earlier thread to refresh peoples minds
We had a competition to see where the share price would be at easter time
Unfortunately I was unable to participate
However my prediction of where Lynas share price will be on Monday morning day after the Malaysian election is based on the following thoughts
Week ending 19/4/2013 - 62 cents
CONFERENCE CALL - What can be expected from this live event
1) Phase Two of the Lynas plant in Malaysia 100 percent completed
This week will be interesting. There are 200 million shorts out there. Some should start to be covered during this period.
This week investors who have considered backing Lynas, I believe will jump in. At first only in small volumes. Inclusive of shorters who wish to go long and first time investor and those wishing to top up their holding could bring about an average of 15 million shares per day. This would not surprise me
Week ending 26/4/2013 - 70 cents
Getting closer and closer to the election. First time investors and those wishing to top up will start to accelerate purchasing on shares in Lynas
A double whammy effect will cause the short sellers to panic and an avalanche of buying will occur from this sector
An average of 20 million shares per day would not surprise me
Week ending 3/5/2013 - 75 cents
Well this is it. If you are not in now - the horse has bolted
Every man/woman and his dog/cat will want some of the action
The shorters will need to accelerate more coverings
Thirty million share per day on average would not surprise me
Monday 6/5/2013 - 90 cents
D day has come and gone
BARE IN MIND THE BELOW SCENARIO
due diligence on the samples being analysed by users completed and orders put in
if this is announced at conference call or anytime before election my guess is $1
after election and opposition get into power $1.50
after election and current government retains power $1.50
So my prediction is 90 cents on Monday irrespective of government with samples being still analysed by users
And $1.50 on Monday irrespective of government with due diligence completed by users and orders put in
The above is only my opinion and should not be construed as investment advice
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