For you buying now is definitely a plan, one I understand. Many years ago I worried about buying at low or selling at high. Now I worry about my gain divided by time because that gives the highest growth to my portfolio. I will admit I will miss the low but that does not bother me. Right now I have many things to invest in but I limit myself to 25 items because I lose track. I see many things that will do better over the next 12 to 18 months than Lynas. I may be wrong I certainly have been before. I will still do OK. I expect to miss a few opportunities and have a few I bought lose. I just feel right now is not the time to be in growth stocks especially aggressive growth with very short earnings history.
Look at a Price chart for last 18 months for NdPr. You can find the monthly prices in Lynas Q activities reports. Then think about fact that profits were 50 M H1 then 3 M H2. Then read Pg 12 of AR. While reading this try to look for warnings and cautions, not pluses.
If after that you still think Profits will not go into red for H1, you should buy Lynas on every dip. A run up in REO prices will put them in the black. My opinion is we will not see a run up in prices. in time to help H1. To early to tell about H2. think what 6 years of operation says with only one year of profits. The 5th year had 53M in profits which was fantastic. But that was 50 M in H1 3 M in H2 then they go into red.
Most investors will know if H1 will be red after Q1 report.
LYC Price at posting:
$1.79 Sentiment: None Disclosure: Held
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