LYC 1.32% $5.98 lynas rare earths limited

bounce or trounce

  1. 3,069 Posts.
    What'll it be today? Does anyone care? Hands up if you're depressed? Can't be bothered myself...

    We all know this company has a great future. We all know the ST SP is manipulated something chronic for Machiavellian reasons. We have all realised that the potential profit we hoped for when we made our initial investment could have been substantially greater if we had bought in yesterday. This company's potential is still worth what you knew it to be when you invested - nothing has changed, but it has been delayed beyond some people's capacity to cope through no fault of it's own. If you hold until the SP is what you hoped it would be, you still make the same profit. You just have to be prepared to wait. If you do not have the stomach for that, then you can bail and take the loss, that's your call.

    My firm opinion is that this is still a regulatory process that has gone on too long, but will be resolved shortly. Time is ticking on that theory and we'll know probably by late next week if this is incorrect. Malaysia is back at work today. Any longer than that and if we are still in limbo, it is stretching credibility to continue to believe the AELB are the decision makers.

    The SP is bound to slip while we remain in the dark - big 1 day drops IMO are suspect. Not justified on news, so something more sinister. The sad demise of Molycorp should have been a massive plus for LYC, not a reason to dump - the Molycorp shambles takes our #1 competitor out of equation and guarantees us first mover advantage even if Najib held us by the scrotum until mid 2013. So what on earth is going on you ask? Well we're not going to find out - whoever is responsible is far to sneaky and wealthy not to cover their tracks, so it just isn't worth wondering or beating yourself up about it. Sell out if you are at all concerned the election has the remotest thing to do with the TOL issue and knuckle down if you don't, that's all you can do at this stage in the game. The charts mean diddly squat - we'll slip if we don't get the TOL, Sherlock, rockets will do somersaults if we get it. TOL is either coming or it isn't.
 
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$5.98
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$5.97 $6.02 $5.90 $19.37M 3.252M

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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
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