LYC 0.90% $7.70 lynas rare earths limited

Feb 15th deadline...

  1. 13,394 Posts.
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    It's coming quickly the 15th of Feb.

    I am of the thinking this will be a keystone date. Lynas will either get an extension or it will not. Minister Yeo Bee Yin will suffer a political set-back or she will not. I just can't figure why currently Lynas SP is moving upwards. Bets were made that the kitty Yeo less Fuziah committee would return a favorable review and Yeo would "honor" that review. What happened was Yeo asked Lynas to "honor" a promise which was not in the proper sequence of business contracted. She made the "promise" statement on emotional bias. Sp fell like a rock.
    Now we see are seeing SP climbing with just over a week before report. Some investors would call this a bear trap. What do you think? I think it's a full on bear trap. But I've been known to be wrong.
    Yeo did not walk back her statement in a recent podcast. This leads me to think as I do. My sentiment is "you are on your own" so it's a none currently and not a Malaysian Chinese Catholic "nun".
 
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