LYC 2.56% $6.10 lynas rare earths limited

MtK Fear is an Illusion, page-32

  1. 147 Posts.
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    I bought this stock originally at 9 cents and mid teens years ago (2009), rode it up to the peak (profits over 1000%) but never sold ... and kept buying over $1.50 on the way down.. I wasn't even 21 at the time and had no idea of what these sought of profits meant.
    I am lucky to have bought a fair bit at 6 cents and 7.8 cents in the last 12 months to have a respectable avg price. I have been in the red since the crash and need it to essentially double in SP to have decent profits on this stock.. In general, I have been investing in stocks for over 10 years and have learned a fair bit (mainly by the LYC lesson of not selling when you're up so much) and other survival stories of other stocks that I held such as;
    -FMG, NCM, SBM and more... each had their own issues but all have gone through this process of distressed commodity prices, making tough calls and have survived.. why? because of good management and the ability to make tough calls in during bad times and adapt their businesses to become cash flow positive during the sh$t times.

    LYC management has done a great job to keep this company alive during very low price for RE... to be cash flow positive is massive. I am not sure how much more they can do to increase profitability (ie increase efficiency) but for the short term almost all of the increase in SP is based on the increase in RE prices and LYC getting back on the map of investors/traders. If the rise continues, I have no idea of what the price will reach but it will easily go over 1.5/2Bil+ in market cap. Market is always looking for a 'growth story' and I am confident LYC will return with a vengeance.

    There is a lot of paper out their (ie. Shares on issues) and I see people talking about the MtK 'fear'. Do not fear them.. volume of this stock has increased substantially and those shares can be easily acquired.. There may be a small dip or flat period but as long as LYC is cash flow positive and RE prices increase, the SP will continue to move in one direction.

    I will hold and will continue to hold for the short/medium term because of what I went through with the stocks above (especially SBM). Some people here have no idea how critical good management is and the power that this has. It is going to be a fun ride for the next 12 months but I am looking forward to it.

    Good luck to all
 
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Last
$6.10
Change
-0.160(2.56%)
Mkt cap ! $5.701B
Open High Low Value Volume
$6.14 $6.16 $6.02 $31.69M 5.119M

Buyers (Bids)

No. Vol. Price($)
1 23252 $6.09
 

Sellers (Offers)

Price($) Vol. No.
$6.10 23221 2
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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