Lynas took a beating in 2012/2013 because the markets thought it deserved to. The company was faced with a perfect storm of crises one after the other. SMSL, unending bad publicity as a result, technical problems, shakedown delays, poor communications by management, and slow demand for their product, among other things.
It's not the shorts. It's the company's performance.
Now the stage is set for growth and real sales. First stop is @ $300 million/year with Phase I sold out. The plant is running. RE pricing is stabilized if not improving. And Lynas has a solid business model. The dream is now reality.
I don't expect a smooth road. This is Lynas we're talking about, y'know. But the clouds are gone and I can see clearly now.
All the best for a healthy, happy, and prosperous 2014!
LYC Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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