"thinking that everything is okay, when it clearly isn't. If it was, would the stock be going to 2yr lows?"
So the situation is this:
When the SP was at around a dollar 2 yrs ago, the LAMP and the concentration plant was still being constructed, RE prices were in the low 20's.
Fast forward 2 yrs the SP is at 75 cents LAMP built, malaysian government in full support, Concentration Plant up and running and the company producing concentrate and RE prices at above $50, not to metion the contracts and jv's the company has signed.
Now please tell me what is crazy, LT holders who see a bright future in the RE industry for Lynas or the sp at a 25% discount whilst all this progess has been made?
LYC Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
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