though I think Lynas results are bad and will continue to be bad for at least 3 more Qs, Q3 may or may not be last. here is something to think about. During the month of September Lynas 1 Sept. 7.27 today 6,80 - 5.6% RMEX 1/9 71.83 today 65.68. - 9% MP 1/9 21.51 today 18.80 -13%
Lynas has fallen much less than its peers. Which is always a good sign but the optimism that allowed Green and REE stocks to sell for many times what the traditional metrics would justify is clearly eroding. Time will tell where we go from here.
I will buy in the money short term MP calls just before Q announcement. Last Q I lost 75% of the investment. If they announce they have shipped samples to customers I expect a stock increase if not I will lose again. Nice thing is recent drop probably puts a limit on downside, I HOPE
LYC Price at posting:
$6.80 Sentiment: None Disclosure: Not Held
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