With the benefit of hindsight, the turn of events perpetrated by the chinese created the perfect storm.
Companies continued to buy RE at a premium because LYNAS was an unknown quantity.
The chinese took advantage of this and perhaps set themselves up to fund for massive change as the old days were coming to an end.
The old pump and Dump scenario applies here IMO.
Eric said a number of times that its all about inventories.
Most companies over bought at a premium and along with the down turn were caught with too much stock.
Who knows maybe china wanted demand destruction to shake out the illegal miners in china, the easiest way to get rid of them would be to send them broke, hey? They don't "exist" anyway so who cares.
XMAS 13 will show alot more in this space imo as the world is going through a major change for good or bad I dont know.
Remember Eric kept going back to the state of inventories, This is the clincher IMO and sure that this is what LYNAS is waiting for.
Build it and they will come
LYC Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
