Ok, so what is the gist of this story:
1)Price has dropped 53% in the last 12 odd months....Is this news? We've been trading sideways since September, great for day traders and even better for LT investors to buy more stock on days like today.
2)Malaysian protesters against Lynas.....excuse me, they've been protesting at this fever pitch since June 2010...So what has it achieved...TOL is approved, new cornerstone investor comes in with $225M cash....does'nt sound like a company going downhill to me, nor one that we need to panic about.
3)Bulk of article indicates that that the local Liberal Gov (some would laughingly call it socialist because it taxes mines)will charge a 2.5% ($17m) annual Royalty. Hardly a deal breaker, slippage cost on the LAMP was nearly 3 times that amount.
So all in all, a nothing article with nothing to say....
As is the case on days when a negative article comes out and the price drops (on a red day for ASX and mining stock in particular I should add)the bearers of doom and gloom come out to play. Not because they are trying to be informative but to help their cause in shorting the stock, or they honestly are too confused with the stock and get depressed when it goes down and ecstatic (or invisible) when the price goes up.
As I type, its $1.17...time for me to buy more.
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Ok, so what is the gist of this story:1)Price has dropped 53% in...
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