LYC 2.86% $6.11 lynas rare earths limited

quarterly, page-46

  1. 1,486 Posts.
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    "....today's sellers were all short term traders who where holding with a short term view to make a small profit in the hope the SP went up...."

    I sold my position today for a loss of a couple hundred dollars, i had bought in the last 2 weeks $10k worth of stock, hoping they had a good quarterly. I was hoping for revenues over $12mill at least & strong emphasis on nameplate this quarter. I was not planning to trade with a higher price, rather was prepared to commit far more funds to a stock that was finally on the way up & take a large long position & ride it to $1+ , sadly not to be.
    I think it will be hard for LYC to avoid a CR now & expect the price to head towards 20c. This won't be a buy for 6 months if all goes well. Production growth is too anemic.
 
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