LYC 0.91% $7.77 lynas rare earths limited

Today's chart & trading, page-2010

  1. 359 Posts.
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    I bought in last week (speculation) but this morning sold all of them.

    when I took a loser look at LYC, in my personal view its P/E ratio gone too high for a mining company (even for a company with good potential). The ultra high PE likely contains speculation that China is going to restrict its rare earth supply.

    I think westfarmer's offer $2.2 already factored in a upcoming renewed licence and with provision for clean-up cost or building such facility in WA. these are so obvious that won't be ignored by the bidder.

    when a natural resource become a geopolitical topic my instinct tells me it is gambling and it's just so hard to see it through. I did for oil and gold and I lost heaps..

    all the best.
 
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