LYC 0.90% $7.70 lynas rare earths limited

lynas to fire up in 3 weeks, page-37

  1. 4,160 Posts.
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    ""If I told you that a friend with sufficient knowledge about the project told me no ore has been shipped, what would your reaction be?"

    Verify your friend, verify if any ore is shipped or not, and as far as any reaction goes it does not matter."

    Well actually that is a fact re shipping ore to Kuantan - They are awaiting the official issue of TOL before shipping ore from WA as per the video on this previously posted link http://www.mobtv.my/current_affairs-1131.html

    So first ore into the plant will be 4 weeks from the tol issue, which I presume will be after next's weeks court formality. Just a formality IMHO

    I posted back on Feb 6 that I'd sold my LYC holding at $1.40ish expecting the shorters to win the short term battle.

    Well they've semi won - driven the sp down to $1.05 on a down day and they have 9% of the issued capital to buy back before this whole anti-lynas debacle is shown to be the sham it is.

    I can't see it going much lower with first production imminent, I've been progressively buying back in.



 
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