LYC 0.90% $7.70 lynas rare earths limited

another new 52 week low, page-16

  1. cy7
    930 Posts.
    Thanks GH,

    I just read that announcement –17 Sept.

    It beats me --- I originally bought LYC 2005/06 and they average me about 23 cents.

    But LYC then and now are 2 totally different companies --- never thought I would see 23 cents again.

    I suppose you could say I went to sleep on the job --- I really haven’t even followed their announcements to much --- just reading a little research on them now and again.

    Sept quarterly should be out Friday 31st ---

    Announcement October 7 states:
    “70% of the Phase I and in addition 25% of the expanded Phase II Advanced Materials Plant total capacity is spoken for”

    As someone else has already asked:
    Are these percentages by Volume or Value?

    If it is indeed just liquidity driven by shareholders --- they would be good buying.
    Time will tell the story.

    If indeed the Directors have secured the funding (both equity and debt) as appears to be the case --- they deserve much credit.

    Regards cy7

 
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