$4 club

Well,March has finally arrived,and we are already 1 week into it.Bit early to recap,but.
Mon.closing price $1.96...today...$2.20.
As a mean line, holders of 100,000 shares made $24,000 for the week..after dropping $9K today...so not a bad start.
The basket price is spinning like the $ sign on a petrol bowser.A chart would show its fuelled by viagra.
As for our competitors..ah yes..now its Kutessay.
Lets just check the LYC chart.
Kutessay comes under Russia..about 4000 T ...2010..gets lumped with india...3000 T.
2014 forcast...
Russia/India producing about 12,000 T
China..100,600 T...(yeah right).
LYC..22,000 T
MCP..20,000 T
Recycled..1600 T.
total..156,200 T.
World demand..177,000 T.
Since this report China have made numerous announcements about stockpiling,60 % of their existing mines wont reach the Gov. regulation requirements..this means limited mining..new tariffs..and an admission within 5 yrs to become a net importer..so difficult to see 100,000 T being available in 2014.
Then the all important pecking order.
LYC...Construction stage.
MCP..funding/customer contracts......just ahead of Malawi..also under same heading.(The dark horse)
ALK...At bankable feaseability stage.
ARU..basic engineering.
Thats the top shelf.!!!!
We dropped today...but not for any of the important reasons above.
What excuse has the basket price to retrace...a magic wand that can invent a mine to produce 177,000 T next week.?
A chartist would tell you that exports of REE,S from China over the last 5 years has been in free fall.
Over the last 8-9 months how would you have fared shorting the basket price..be out playing the violin on street corners by now.:)
Look at the journey since July 2010.
No matter what price you bought at,hung on..well almost yesterday..then theres tomorrow..but no one has lost a cent really.
The reason I mention that,is if you have CASH all you can lose is time.
eg on that last big run i bought in at 2.14,2.05,1.93,1.85,1.80,1.75,1.71...as of today..all good.
The stuff thats in the vault started at 70C.
I trade ,but its an investment when it turns against me,guess im more a tradevestite.
T+3,margins,short selling,charts,crystal balls,to me with pandora Lynas ,is littered with dead/wounded bodies.
BTW...re competition..like Kutessay and as they spring up..just remember one thing..if as a Lynashead you get concerned..think how the rest of the field years away from production must feel.
I appreciate the charts being posted,we all do,but to me the landscape has changed already.Sojitz has headed to Brazil,why because they can only get 8000 +- 500 t from LYC..they need more.The scramble has intensified,and solidifies our speculation on the Sojitz deal.
Thats phase 2 box ticked.