LYC 0.90% $7.70 lynas rare earths limited

Media Release - Not a good Sign, page-337

  1. 2,558 Posts.
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    yeah, right on champ. You may also remember that I said I'll be waiting patiently for 1.05 before I look at getting in, mostly because that is the price the bondholders got in at recently, and only if LYC got the so called  "permanent" license renewed in Sept 2019. With the old gov that was almost a certainty, with current one it could go either way.

    I made the call around $2 so how did they "basically doubled" after my call ? The only went down to 1.60s that time but there is another year to go before the license is up for renewal and a new government to deal with.  I'm sure we'll see $2 again , if only so ex-bondholders and shorters can dump more stock,  but I'm still standing by my call that is heading for that $1. 



 
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