LYC (ASX) LYC: Insanely overvalued

Originally posted by tretchikoff: ↑

Better buy them at $9 now than $19 in two years. What BS were you calling earlier...$5 in two years was it? Plucked out of thin air...

And this is supposed to happen while REE demand is going strongly and consistently upwards, no new supply is forecast to come to market,
the China V The West situation shows no signs at all of improving and EVs and battery home storage will become increasing common driving home just how necessary REEs are in every high tech application...!

Even our rather slow to act government constrained by a coal conscious National alliance are backtracking on EV skepticism and embracing a better charging network and renewable power within their limits.

Unheard of two short years ago, remember Scomo saying an EV won't tow your boat....(truth is even then they towed a boat better than a standard car...)? Far better torque..

Remember it was rare to see a Tesla....and now they are everywhere....well Im afraid to say its only just starting.

Most early Telsla buyers Ive noticed ( having been a keen Tesla watcher since the beginning) were men. There are more male techies, and more male Geeks in general than women. Most very early buyers of Teslas were enthuisasts..geeks.

Well that has quickly changed ...regular families are buying them and you have to queue to test drive them and wait three months once you order one such is the demand.

And importantly women are buying them, in droves. This is a change...once women start buying something it signals this is going to be big.

Women drive trends and they have a lot of say in a family as to what big ticket items get the nod of approval or not.

The Liberal government too know EVs are going to be huge and they know the huge range of luxury, middle and lower price range EVs that are about to hit our shores.

Every car companies EV offerings we are about to see are the best cars they have ever produced.

0-100 in 4 secs most of them, some less, under five bucks to fully charge, range anxiety a thing of the past, most do 300-500km on a full charge, with fully automated driving options and Rivian 4 WD offerings on the way that look like they escaped from a Mad Max set!

Everyone from yuppy Mums to bogans is going to want an EV.

Its not just the drive in REE demand that will drive LYC share price alone its increased REE awareness.

REE and lithium producers will both benefit from the surge and demand for the raw products AND perhaps even more from the increasing awareness that the all electric revolution is happening, and Australia has the worlds biggest deposits of a lot of the minerals that will facilitate this revolution!

Enter Lynas...IMO it and a few of our lithium companies will be household names in the future much like FMG and RIO have become.

Deny it at your peril.

Distruptive technology always comes quicker than expected.

Remember everyone owning a Nokia mobile phone within about three years of them coming to market then within another two or three years nobody in Australia had a Nokia, but nearly everyone had a smartphone (I Phone).?

EV uptake will be quicker (even here) than expected bringing massive awareness to the raw materials hitting boom prices in the sector.

Big ticket items cars are sure so the change over won't be as quick or cheap as a new phone but by your two year time frame EVs ..Teslas, Mercs, VWs, BMWs will be all around......and 50 percent of new cars sales here by 2030 absolute minimum. That would still see us in last place virtually in the Western World, a lot of Europe will be at 50% EV new car sales in two years. Norway is already at 70% today...

Its not just booming demand for REEs that is and will drive LYC MC, its market awareness...much like Tesla...this is theX Factor with battery minerals that some have not understood or choose to ignore because it suits their argument to ignore the obvious.

Expand

Ah my-friend... how so I just love to see this post days on end.

Reminds me how so smart a poster can be.

Better buy them at $9 now than $19 in two years. What BS were you calling earlier...$5 in two years was it? Plucked out of thin air...

Thin air may just be a stock investing no-no.

TD

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(20min delay)
Last $6.15		Change -0.100(1.60%)		Mkt cap ! $5.748B

Open	High	Low	Value	Volume
$6.23	$6.24	$6.13	$18.60M	3.011M


Last $6.16		Change -0.100 ( 1.94 %)
Open	High	Low	Volume
$6.24	$6.24	$6.13	894887
Last updated 15.59pm 14/06/2024 ?

Ah my-friend... how so I just love to see this post days on...

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