LYC 1.14% $6.22 lynas rare earths limited

LOL, Omgwen3rds, you have made my day today!:-)A very nice way...

  1. 608 Posts.
    lightbulb Created with Sketch. 28
    LOL, Omgwen3rds,

    you have made my day today!

    :-)

    A very nice way to answer to such absolutely nonsense. :-)


    @Warhorse:

    "The incredible thing about Lynas however is that there was also actually never any real increase in the underlying demand for rare earths (end demand was constant throughout the big run up in share prices). Rare earth prices rallied not because of any real increase in end demand, but because of political reasons (which in hindsight were always likely to normalize)"

    I guess you didn´t make any money in the run.

    Of course demand was high and higher, that is why prices shot in the sky. The companys were in fear that prices go to the moon so they have bought more and more, mostly for inventory. So prices didn´t go to the moon, but to mount everest.

    Since that they have consumed their inventory and are now on the verge to buy again.

    They will get much better prices now and with Lynas they will have a producer to whom they could rely on. They don´t have to buy from smugglers or chinese fly-by-night producers.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.