LYC 1.30% $6.25 lynas rare earths limited

lynas, a value investment..., page-22

  1. 805 Posts.
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    kdav - IMO once the Singapore Gov has quietened down the natives (who most likely have been stirred up by a 3rd party) then I expect the share price to rise pretty rapidly to about $2.85.

    However, I am not going to get on the bus until I see evidence of a real turnaround. Yes it will rise rapidly but it will take quite a few days to get to its real value.

    So while you might think let's get on the bus @ $2.15ish the problem is the bus might go straight to the wreckers or the price of a ticket might keep dropping to around $1.85ish or worse.

    I have learnt from the past:
    - don't try and pick bottoms (probably good advice for the chimps at the zoo too)
    - don't fall in love with a stock

    Time is the enemy here for Lynas - this can't get dragged out too long.

    DYOR
 
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