LYC 2.72% $7.14 lynas rare earths limited

mining firm, activists battle over rare earths, page-21

  1. 194 Posts.
    lightbulb Created with Sketch. 8
    Dont know what to say.
    This is just business and a sign of the times after gfc.
    Im not sure if your talking about our greed as share holders or every one elses greed.
    The up and downs are just part of the stock market.
    Rare earth prices where alaways going to come down like every other mineral they were just getting to costly to use
    and when this happens they substitute.
    Lynas is now capitalized at just below JB HIFI with out making a profit.This will change as it moves in to production give 6 months to 12 months.
    The thing to take note is that China has closed down some
    rare earth factories.
    The management have done a excelent job of steering the company and securing funding during the gfc after the bond
    holders asked for there money back.
    one wrong turn and it would of been over red rover.
    Long live Lynas
 
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