bad feeling , page-17

Thank you chuti for the post.

While I agree with you that the SP of LYC fundamentally is tied to the price of REEs, the market's current problem with the company is the lack of information
on how the LAMP is progressing.

Ramp-ups of large chemical plants are frought with danger and investors need to know that there are no gremlins in the works.

Blanket statements from one quarter to another are fine for mature companies with a solid batting record but new investors and existing investors who want to top-up need to hear that the LAMP is going to plan; not an inference from
an announcement 2 months old.

If the company is concerned about share price erosion due to shorting at a time
when according to the company that the plant is being derisked, then the obvious and decent thing to do is to give a progress report.

A simple 3 liner would do such as:-

"LYC is pleased to announce that the LAMP has reached a milestone in its ramp-up phase by producing X tons of REEs ( 90% of its nameplate capacity) This has been achieved by producing product in excess of 99% purity."

End of story.

The share price would likely lift above the immediate GE13 highs and stay up there until contracts are confirmed for Phase 1.

The company , however, seems hell bent on remaining mute which is, wittingly or unwittingly, accommodating the shorters and crueling mum & dad investors.

Once the share price goes down, it will take much longer for it to retrace regardless of good news later.

Cheers
Moorookamick