today news on Lynas is good because it prevents a disaster. What is interesting is take a look at the rest of REE Market.
MP.. MP has been falling rapidly over the last few months. Today it went up 3.5% with absolutly no news or information does this mean people saw Lynas go up and bought MP? Fact is soon MP will be produce their first high purity separated REE elements for test and evaluation. If any thing the threat of a Lynas shut down going away should be bad news to MP.
REMX. REMX is up to day Us 2,31, 4% In spite of REMX - NV being down US -1.46 or- 2,5 % Lynas is now REMX 5th biggest holding at 5.9% but Lynus price increase would only make a 0.04 increase in value.
Both of these changes indicate to me that this market responds to good news without thinking what it means. Optimism will keep the sector up but when that diminishes it may be very bad.
LYC Price at posting:
$6.82 Sentiment: Sell Disclosure: Not Held
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