Lynas holders are barking on about the cap raising, mismanagement and sovereign risk as if this is all new to them. They have been warned for well over a year now by others that it wouldn't all be smooth sailing, and for a long time these warns were simply labelled 'downramps'. Now the truth has finally hit them, and with it comes a harsh lesson to be learnt for many LYC shareholders.
For what its worth I feel that the sentiment towards the stock has almost hit rock bottom so it could finally be the right time to jump on in for a trade to the long side. The instos at 75c won't be happy buying into the stock and already sitting on a loss. Watching closely.
