lots of non holders posting, page-9

Moneymaker1979 ,
How long have you been holding LYC ?
My guess is that you have not been a holder for more than 3 years like LOT of the current NON LYC holders.

To all i know you could have bought LYC at much higher price when you got sucked in believing that the SP was at rock bottom.You may see me as a down ramper.That i am not.

For me, i am here for the POST MORTEM of my LYC shares .
If one does not review the past mistake one is likely to repeat same mistake elsewhere.
I bought Lynas because of its fundamentals.
I excused NC attempt to buy Crown on the cheap because i felt it was not a good idea to change the horse in mid stream.I WAS WRONG.
I bought/held LYC because NC raised the funds to build LAMP.
I assumed that if so many millions were raised the management knew what they were doing .I was wrong,NEVER assume.

Now the picture is more clear ,the weakness of lynas is more clear.The drop in the SP is justified more today than,it was over the past when the shorters were hammering LYC down.
What we did not know was the information that the big boys held at the time that the retailer could not guess.

Difference is,that today both the retailers and institution know what is ahead for LYNAS. The light at end of tunnel could well be on oncoming train.

Most agree on the lack of communication by the Lynas board.
But some still excuse the management ,because they cannot face the reality of loss .They live in hopes .

I wish you well if you believe in LYC and current management.
I cont,to post and i hope that i will be one of the first to congratulate for your courage IFF you prove me wrong.
I rather be a coward than a dead hero.

Just gather your supporters around and itemize WHAT IS SO GOOD about Lynas today with its debts and Huge number of shares. Can lynas creat more shares ,dilution with consolidation.
eg , wait till SP drop to below 10c, and then have a consolidation and group 10 shares into 1 new share.
This way the new SP would be around the dollar .Less embarrassing.
"A pig with lipstick remains a pig"
I sold and would return when the SP is above a dollar and that not after a possible consolidation of the shares.

In meantime , i go for a company with good fundamental, demand for its product and what is more A GOOD MANAGEMENT who keeps shareholders informed ,by announcement ,periodical briefing in most states and general meeting .