.5% bank? No. 200+% on my average buy price over the last few years? Yep. Based on the PE back then and since I shouldnt have bought. But I did because I believed in the fundamentals of the company, and still do going forward. I still see Lynas as a bit of a speccy. Their market has not yet developed and matured (but it will), their suite of products is not complete (but it will be), they still have infrastructure to complete (that they will) and they have jurisdictional constraints (which I have no doubt they will overcome). Price will flip and flop with these hurdles, and rise as they are overcome. Overall I see too much upside not to hold. I'm not smart enough to trade and over the last 3-4 years holding, I'm happy with my results so far. Just as you see TA as no good for predicting share price, in the case of Lynas (as opposed to nearly the entirety of the rest of the ASX) - PE just don't cut it for predicting or dictating what Lynas' SP should be.
LYC Price at posting:
$5.67 Sentiment: None Disclosure: Held
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