Great idea but why would people be taking profits right before the 2022 AR which we already know will have revenue almost 2X bigger than 2021 And profits Bigger by more than 2 X of 2021. Profit taking is never the cause it is the results of something else, that makes people want to save their profits.
I have no idea why price is dropping like this. All the following and many more are better explanations then Profit taking right now. Here are just a few I can think of they are not in any order. I am clueless which it might be. Have some opinions but I cannot prove them so will keep them to myself
People are starting to believe there will be a recession and are backing away from Lynas with its high Multiples.
The drop in NdPr O is starting to cause people to worry.
Lynas is planning to release some bad news about some project with the AR and info has leaked out.
Markets are falling and Lynas is just following. This does not make sense to me, see my post
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