LYC 0.39% $7.75 lynas rare earths limited

off to 32c and beyond soon ?, page-118

  1. 19,587 Posts.
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    "This is one of the most manipulated stocks that I have seen in over 50 years of investing in shares."

    Well honestly Nursery you really need to get out more:

















    And there would be no difficulty finding a bunch of other upstream industrial input companies, but I'll just tag Iluka:



    The boom/bust in the RE stocks has simply been the normal cyclical turn, but on a mega dose of Chinese steroids.

    By and large, the only punters that have called this correctly have been the TA guys.

    As far as "manipulation"/"pump & dump" there is absolutely no stock that can hold a candle to Moly unless you want to go back to BreX or Poseidon. Makes NC's partial cash out after 10 yrs look like loose change, Bhappu scammed $694M of punters funds:

    "Really is time that the Molycorp insider trading is put in perspective and I'd point at - http://bit.ly/17VyLMg
    If you move to page 3 you'll see the original IPO purchase by Directors & Mgt. 2010 - roughly $57M invested. The $122M Jack mentions above is no doubt the original VC investment in purchasing Mt Pass and taking it to IPO.
    On page 2 you can find their original divestment @ $50 on the very day the stock came out of lock up Feb 11, also joined by massive tranches of pre IPO stock from the VC's.
    A further batch @ $50 in March 2011 from all concerned.
    Then a third @ $51 June 11.

    Total insider sales thru this period @ $50/51 were approx $3.08B. Yes, that's a B for Billion. In stark contrast the total subsequent repurchases by just some of the same insiders’ totals $2.7M plus Ross Bhappu’s purchase of $25M. Just to put that in context he earlier cashed out $694,213,833, to be precise. The cynical amongst us may envisage broader motivations for any repurchase by Moly's Chair. Con K. has of course subscribed for two $100K tranches, would be interesting to contrast those to his cash proceeds from the Neo acquisition."

    Then we could look at the multiple CR (effectively placements to the Giant Squid, MS & JPM) and correlate them to the near 40% short sold position Moly has maintained for most of the past two years.

    The only place Lynas could possibly be the "most manipulated" stock is in your navel.
 
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