LYC 0.50% $5.92 lynas rare earths limited

follow the sheep or follow the neg fox.

  1. 5,436 Posts.
    Fact is that the institutions& substantial share holders , hold about 76 %,
    http://www.theaustralian.com.au/business/mining-energy/japans-mitsubishi-ufj-financial-group-buys-324m-stake-in-lynas-corp/story-e6frg9df-1226087801986

    ?Mitsubishi's 9.99 per cent stake in Lynas is mainly a technical result of its decision to switch $US1.7 billion ($1.59bn) worth of convertible bonds into an equity stake in Morgan Stanley last week. The Japanese firm bought the bonds during the global financial crisis, when Morgan Stanley appeared close to running out of money.
    The conversion gives Mitsubishi a 22 per cent shareholding in Morgan Stanley, which in turn has a declared 10.3 per cent shareholding in Lynas. Under Australian corporations law, the move over a 20 per cent stake in Morgan Stanley means that Mitsubishi must declare the bank's shareholdings as being under its control.?
    ?Japan is the world's largest importer of the rare earth minerals produced by Lynas, with companies such as Toyota and Shin-Etsu Chemical using some of the metals for applications such as high-strength magnets and semiconductors.?
    Lynas and Toyo-Thai sign Letter of Award for Phase 2 Expansion of the Lynas Advanced Materials Plant Ref ann 13/07/11
    Siemens and Lynas to form a joint venture for magnet production .ref ann .07/07/2011 And the list goes on
    If this is not GREAT CONFIDENCE in LYNAS, What is it?
    You got to be a fool if you believe that the above companies did not do their homework before they committed millions of dollars.
    The big holders would like to accumulate more LYC shares . That it is not easy at this stage for one to convince another to part with their valuable investment.
    This leaves the 24 % of shares in the hands of retails
    I, together with many investor are not selling . Patience as we wait for an OPPORTUNITY IN A LIFETIME,
    The remaining shares are in the hands traders ,and those that may have got in without knowing how good LYC is.
    This group are the target of the hungry holders that want to buy on the cheap.
    If you sell without proper research and make a loss .It is your BAD LUCK and don t cry over spilled milk when you see the investors at the $4 LYC party . Follow the sheep or follow the NEG fox. The choice is yours.

 
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Last
$5.92
Change
-0.030(0.50%)
Mkt cap ! $5.533B
Open High Low Value Volume
$5.95 $5.99 $5.88 $20.30M 3.422M

Buyers (Bids)

No. Vol. Price($)
1 186 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.94 999 1
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Last trade - 16.10pm 08/08/2024 (20 minute delay) ?
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