Although, in recent months, most of the OZ RE stocks have got away from the follow-the-"leader" (Molycorp) effect, I would be interested to hear peoples opinions on how the upcoming unlock of a large number of in-the-money Molycorp shares (39,137,087 shares; 90 days after Feb 14; i.e. May 11) might have on the sector in general, and Lynas in particular. I expect Moly to tank to probably around $55-$60USD and the rest of the sector to experience a pretty hard 2 week trading period around the unlock date. Personally I exited most sector positions last week with the expectation of re-entering 10%++ lower sometime this week; with the intent to hold for longer term as most LAMP and Concentrator Plant delays are now built into the pricing.
Thoughts?
Thanks to all and Good Luck.
IMHO
molycorp unlock effect?
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Last
$7.85 |
Change
0.145(1.88%) |
Mkt cap ! $7.356B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $12.68M | 1.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 12871 | $7.84 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 12913 | 22 |
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