LYC 0.00% $6.40 lynas rare earths limited

time to trust the bankers?

  1. 191 Posts.
    It's hard to evaluate the fair value of Lynas shares these days. Some think it's highly overvalued due to severe uncertainties about if and when the LAMP will we finished. Some think, a 3.5 billion explorer is a "steal" due to profits that might be generated in the future.

    Short or long?

    I would take the bankers in this game as the most important short and midterm indicator.

    - Nicholas Curtis / Lynas CEO and banker sold about 80% of his shares in February 2011

    - Morgan Stanley sold about 10% of their Lynas shares as reported yesterday, reducing it's stake to 9,xx %. now being able to sell down to 5% without Lynas having to put out another report

    Personally I do not trust bankers, especially analysts that very often say "buy" while their bank is selling.
    Instead of looking at what bankers are saying, smart investors might want to consider, what bankers are DOING.

    regards and good luck to everyone!
    Julia
 
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