I have outlined the fundamentals time and again. LYC is now achieving Phase I nameplate capacity according to the report 2 days ago and yet the shorts continue to misinform and misrepresent the company's status.Reports are that prices are rising, and all industry forecasts indicate a 15% per annum growth rate for the RE sector.
LYC may need an operating capital loan, but the Japanese are into the company for at least $250 Million and will not see their investment put at risk.
20,000,000 share volume on 1.9 billion shares is a pimple on NC's posterior. The large holders are in for the long run, and mining is the ultimate long run industry. Planning is done in decades, not days.
The company will do the minimum to affect expectations because of the past history and controversy. The best thing right now is to remain mum, hone the efficiency of the plant and let the numbers speak for themselves.
LYC Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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