ALK 2.88% 50.5¢ alkane resources limited

falling out of favour, page-3

  1. 346 Posts.
    Neodymium price (FOB China) was down 13% yesterday. More relevant for Lynas than Alkane. Ce and La unchanged though.

    Unfunded projects are getting hammered by hedge funds i.e. Alkane (32% of yesterday's sales were shorts)

    Could go down a lot more given production is 2 years away, however is starting to look particularly cheap.

    Lynas should be doing better given funding is ticked off.
 
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