LYC 1.30% $7.61 lynas rare earths limited

are the Jap lenders ready to pull the pin

  1. 2,923 Posts.
    lightbulb Created with Sketch. 132
    Pity those that have held on believing and listening to Ausheads the expert opinion and views

    All those feel good stories and reports about future use in magnets etc... etc..

    This flea ridden dog is technically bankrupted right now.

    Look at the balance sheet! Look at the debt ! Look and read how they will not be able to make it's interest payments let alone any principle for the rest of the year.

    Sell what you can cause it's quite obvious the lenders see no future with this plant being under the name of Lynas

    4 cents coming!!
  2. 2,728 Posts.
    lightbulb Created with Sketch. 184
    I've seen a sell-off like this before in Lynas.
    It triggered so many stop losses that the ball just kept on rolling.
    The sp will steady and with time rise again (slowly).
    There was all the same talk the last time this happened. People saying that someone knows something we don't, that the company is going broke etc etc. It's still here and we have no evidence to support any other theory.
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