Technical, page-2272

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ContraryJ

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19/06/23

21:34

Post #: 68366504
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Originally posted by inge281242: ↑

The more exposure we get, the better I like it. However the author does not mention Kalgoorlie, nor our future plans for Texas.
From TheBull.com.au this morning. Author "John Louis Judges" dated 15th June 2023.
Rare earth elements are a critical component of complicated modern electronic components.China is the largest supplier of rare earths.Rare earth production is growing rapidly in line with demand, and Australia is poised to benefit Lynas Rare Earths Limited ASX: LYC (LYC) is primarily involved in the extraction of rare earth elements and their processing in Australia and Malaysia.Rare earths comprise a wide gamut of minerals in the earth’s crust worldwide. Large swathes of undeveloped land in Western Australia combined with mineral extraction expertise and assets available on the ground make for profitable rare earth mining.Rare earth processing in Australia is the primary hurdle to having saleable minerals. That is because strict Australian environmental legislation covers the chemicals required to extract the usable metals and compounds, so much of the processing has to be performed offshore. For LYC, that is Malaysia.Despite the processing hurdles, there is still a significant margin in rare earth elements as demand skyrockets for new electronic components and technologies.
Lynas Rare Earths Limited ASX: LYC (LYC) TheBull.com.au recently wrote that the shares were oversold due to production hindrance concerns. By switching some production to Malaysia, management has eased the situation.Rare earth demand has trebled in the last 10 years and shows no sign of abating. With governments pushing to diversify their supply chains and lowering their reliance on China, LYC is well-positioned to benefit from long-term supply contracts.Currently trading on a very attractive forward price-earnings multiple just north of 12, LYC offers the investor some decent value. Turning in a healthy $540m AUD net income on $893m AUD revenues in the financial year 2022 and top-line growth with bottom-line stock price value, LYC might be one of the more overlooked stocks in the market at $7.18 AUD per share.

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You said future plans for Texas. I think that should be past plans. In the 2019 presentation they said Texas would be running in late 2022. Now they cannot even tell us where it may located. Seems more like a past idea to me than future.

LYC Price at posting: $7.24 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $8.61		Change -0.270(3.04%)		Mkt cap ! $8.054B

Open	High	Low	Value	Volume
$8.50	$8.74	$8.40	$59.50M	6.967M

Buyers (Bids)

No.	Vol.	Price($)
1	1393	$8.61

Sellers (Offers)

Price($)	Vol.	No.
$8.62	62616	1

View Market Depth

No.	Vol.	Price($)
1	1393	8.610
1	100	8.590
1	300	8.570
3	2766	8.540
3	78450	8.530

Price($)	Vol.	No.
8.620	62616	1
8.630	22536	4
8.640	25641	2
8.650	14081	3
8.660	16886	2

Last trade - 16.12pm 30/06/2025 (20 minute delay)

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Technical, page-2272

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