especially with 60 million shares still short

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phantom8

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16/05/24

06:17

Post #: 73846997
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Originally posted by ausheds: ↑

Agree mkt reaction totally underwhelming but fair chance there's latent upside when fund mgrs eventually manage to join the dots.

Lynas close to completing a base capacity 12ktpa, including significant US production, and roughly half that is looking for new customers.

Together with the yet to be legislated $30kg NdFeB tax credit this further 25% tariff provides a powerful base for US mag manufacture, stimulating US PMM manufacture, in addition an ex China pricing mechanism for NdPr, one that doesn't oscillate wildly $40kg to $170kg driven by rabid speculation at the extremes in both directions.

With each of these developments the lack of commitment to take advantage by Lynas' largest customers becomes more glaring, specifically Shin Etsu & Protrial, former Hitachi metals, now US controlled.

Where are these two, perhaps also Daido Steel, when the foundations are being built for the first significant expansion of ex China mag capacity?

Really would expect some announcement from at least one of those three before much longer, perhaps then fund mgrs might woke.

Ramifications for NdPr pricing quite profound, mkt driven ex China pricing? What will China do with the 13% VAT designed to promote domestic NdFeB manufacture, largely ineffectual now?

All looks to be massive upside for Lynas but we may have to be patient to see it reflected in the SP.

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especially with 60 million shares still short

LYC Price at posting: $6.90 Sentiment: Buy Disclosure: Held
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Last $5.91		Change -0.150(2.48%)		Mkt cap ! $5.547B

Open	High	Low	Value	Volume
$5.97	$5.98	$5.91	$7.231M	1.217M

Buyers (Bids)

No.	Vol.	Price($)
31	15345	$5.91

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Price($)	Vol.	No.
$5.92	26278	84

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No.	Vol.	Price($)
34	15861	5.910
40	115415	5.900
14	37586	5.890
13	24100	5.880
11	102431	5.870

Price($)	Vol.	No.
5.920	27910	86
5.930	20254	40
5.940	53480	46
5.950	42405	18
5.960	19396	41

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especially with 60 million shares still short

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especially with 60 million shares still short

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Time for retail therapy buying in the shopping Scentre for hot stocks

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