Your argument is very good if only the facts behind it were nearly as good. Using Lynas’s ND PR Prices publish in the Q activities summery lets look at some facts.
The new terms were announced Oct 26 2016
NDPr prices were $31.00 ton end of October. End of November they hit a two year low of $30.6. They then drifted around for 3 months. They finally hit 33.00 End of February, 6% more than 4 days after announcement. In March, 5 months later, they took off. Back to your statement of
CJ, why did the Dragon begin moving prices literally within a few weeks of Lynas debt extension to 2020???
You say a few weeks how do change 4 to 5 months into a few weeks especially when direction was down for 5 weeks immediately after announcement.
You seems to be short of data and not in any way related to what Lynas has published.
Note I have kept a weekly chart of prices for almost 10 years now. Currently I am using RUIDOW. But have used other sources. I did make some mistakes with VAT during one change, they have been fixed. The prices given in the activities report which I used here is at best my third or fourth choice. I keep track of these numbers and graph them. I use them on this board only because they can be easily verified by looking at activities reports.
Also note that this price is for ND2 O3 + Pr6 O Work out the atomic weights of ND2 O3 and Pr6 O and look at the percentage of Mt Weld and tell me how this relates To Mt Weld. The number is correct but does not match with Mount Weld. I will give you a hint where the rest of the ND is. It is only 75% Treo. Remember these are not molecules but a continuous crystalline structure.
O = 15.99.
Nd= 144.24
Pr = 140.91
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