As we are discussing strategy for holding for the medium term,...

As we are discussing strategy for holding for the medium term, some consideration needs to be given to the state of the company one to two years hence.

Whilst I agree that Analyst valuations shouldn't be taken as gospel if you do your own work and the conclusions drawn match, then further reassurance can be gained. I don't largely agree with JPM because they said so, I agree because there numbers are similar to mine. And I will and I have backed my own jundgement.

So my question to you patrick is, what is it that makes Lynas a bad medium term proposition.

Selling by Morgan Stanley is hardly enough to base a medium term decision. Especially given the shares they have sold to date have been held for about two months - and if you look at the holding notices the shares are actually registered to HSBC so who knows what is going on.