LYC 0.50% $6.02 lynas rare earths limited

ok: so let me get this straight.., page-41

  1. 8,033 Posts.
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    lambda

    My opinion is that at $30 basket price Lynas will be at break even Phase 1

    At $22 break even Phase 2

    If the basket price gets near $30 I don't want to be
    holding Lynas at all

    It would be nice to check the Basket price on Monday and see it is above $40.27

    But alas why would this week be any different

    The basket price has just continued to fall

    Is the bottom $30 or $20

    Who knows while it drops every week
    even when you read everywhere the REO prices are rising

    I don't think the SP has much to do with SMSL

    It along with falling prices has just made shorting this an easy target
    Especially with most Retail holders maxed out

    IMOO
 
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