Time for a breather.Well we got as low as $1.87..closed...

Time for a breather.
Well we got as low as $1.87..closed $1.91..on Monday.
Friday..we finish at $2.04.
+17c.
In a 200,000 portfolio thats up..$34,000.Irrelevant if you are a LTer.Paper money.but makes you feel better..not good..better.
Im counting the hours,let alone days,for June to finish.
OK lets tick some boxes.
1.The Concentration plant.
Quiet.last report..designer ores being fed after successfull tests on ore John West rejects.
Quiet is good,gloating how much is being crushed while IAEA report pending and restriction on ore export not appropriate..Although would appreciate a private email telling me designer ores processing going.."according to plan".WA gov. has issued all necessary Licenses,so no hold up there.
Designer Ores!!!not for one minute am I going to state that that term was formulated by a woman or a gay person..certainly someone with flair or with a diploma in interior decorating .:)
We get the picture..we know each contract requires an individual specially designed blend of the oxides.

2.LAMP.
Also quiet.No new news.
We do know work is continuing uninterrupted,also uninterrupted the construction of the rmb 300m 2 chemical companies that will supply LYC with the acids.
all spin off businesses full steam ahead.
As its still under construction..to beat the negative posters to the punch we will look at some negative possibilities.
Molotove cocktails.
So the activists have moved up a cog.
A. they can see that despite their efforts the Plant continues to being built...frustration...
These activists have challenged the GOV. on many fronts over many years over numerous issues.
OMG ..LEI and our other Asian friends understand this more then us.So we listen and learn.
The GOV. on the other hand has extreme experience dealing with this lot..they have dossiers on the ringleaders,and know better then us what the activists agenda are.
The activists need a cause..LYC just happens to fall into their current catagory.
Once the LAMP is up and running,we will still follow Malaysia..and watch when the next poor bastard gets caught up in protests.
Malaysian Gov.
Like finding a good stock,you want the management to be switched on.
We discussed Najib Razak the Prime minister during the week..and did alot of research on him.
He gets a huge tick.
Like any ruling party for 50 years the UMNO have had some shocker Prime ministers over that time.Mahatiher Mohamad disliked Paul keating and australia and the western world.
What has kept them in power is that their GDP growth figures were continually amongst the best in Asia.
Najib is a visionary,and is the right person to win the next election and take Malaysia foreward to his 2020 plan.
He has stated Malaysia cannot do it alone..the road fwd is from foreign investments.
The IAEA.
Probably the most predictable report yet to be made public.
They were not there to comment on the plants construction..at the end of the day stuff goes into A and comes out at Z.
The radioactivity of the thorium waste is determined by how it is diluted.
LYC would have had a formula to show them..if there was any tweaking,it would be chemical..not having to build some extra construction to the plant.

Fund managers,
associated word..manipulation.
But thats a broad brush.
The posts on citibank today gives a closer insight as to the manipultion.
Whilst they regard LYC as a Buy..they also announce that until we are producing and deriving an Income they will stay on the sidelines.
Then the salient comment..using the uncertainty of the Lamp..its a good trading stock..as they believe the LAMP will go ahead.
We lose sight of the mandates of a lot of these Fund mngrs.
They just wont invest until their analysts have some thing to work with..production,sale price,income.
We are still pie in the sky.
Are they itching to buy in..yes.
So lets visit manipulation...we dont know who the short sellers are but theres a never ending number of shares dumped.
Citibank,and a host of others in like situation,need the SP down till its their turn to get in officially.
Likewise with the MSCI viewers.
The battle is between those Funds already in..and those waiting to get in.
With the volume we are pumping out daily..the mums and dads shorters are way outnumbered and out muscled by the big boys.
I can dump 600,000 shares tomorrow as a private short seller..disappears into the abyss in 2 seconds..no effect..maybe a cent for 10 seconds.
The indications one can deduce is that there are more funds waiting to get in then those in.When we hit $2.70,these "not in "Funds hit us with all bar the kitchen sink.
undervalued..managers of funds love to hear buying undervalued stock.So we will stay manipulated till production..then hell will break lose.the allocated warchests will be thrown at us.
Not even the dumbest fund doesnt understand ..First mover advantage".
Global events.
We so concentrate on why the market is getting sand kicked in its face.Greece,europe,US
Why because we are like drift wood for another 3 months.We follow the flow...lower the better for the shark funds waiting on the sidelines.
Its already crystal clear that if we can produce this year..it will override and over power however bad the world markets are.
At last the old thinking of moving to defensive stocks /bonds/etc in a crisis will be replaced by an attacking sector.
New world just starting,and we are in the grid position.
dont just hold your position..hang onto it like your future depends on it..and in most cases ..it does.:)
If we were in any other mature commodity I would have no facts to back me up to the future,but this is oh so different.
One can actually dream.