This is good news for Lynas. China are really serious about stamping out illegal exportation of REEs and using their own materials internally. I can foresee an eventual stable REE price of at least $50 per basket for the high quality LYC product servicing Japan, Korea, USA, Europe etc etc. This is very encouraging as a nett profit at 22ktpa is excellent: it equates to almost 4 bucks a share and this will probably come sooner rather than later. Perhaps within a year. Hence, the 200m+ shorted shares MUST be bought or these bottom feeders will be completely stuffed. A SP above the maximum to date is a loss to even the biggest shorter. Indeed, it would be safe to say that a SP above ~ 70c is probably a loss to at least 90% of these scumbags. They know this all too well and will soon start to buy up as the SP ascends. Anyone with a short position must start buying back or face a far bigger loss than any long holder can possibly make.
One day, and it might be soon, a major shorter with a very large position will buy up fast and even go long, thereby catching all the other losers unaware and resulting in panic buying. I look forward to that day. :)
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$7.70 |
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Mkt cap ! $7.197B |
Open | High | Low | Value | Volume |
$7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
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Price($) | Vol. | No. |
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$7.70 | 6582 | 1 |
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No. | Vol. | Price($) |
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1 | 3000 | 7.560 |
1 | 3 | 7.550 |
2 | 3000 | 7.540 |
1 | 3000 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.740 | 3000 | 1 |
7.770 | 1792 | 4 |
7.800 | 9312 | 4 |
7.810 | 400 | 1 |
7.850 | 1457 | 2 |
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