Why do so many that claim to be long term holders become so excited by one day moves? I have felt for over a month that NdPr would bottom and rally My first post saying this was Post #:66953596. I have no idea if this is a blip a bottom or a rally. what I do know is that it will take at least a month to know for sure. NdPr has to go p at least 30% for Lynas to have good profits and cash flow to support what they want to do. 1 B in the bank will not last long, 18~ 24 months, doing what they are doing at these prices. I hope this is a turn but I would not be excited just yet.
I especially would not pay too much attention with the fall before China's Labor day and then China closed for 3 days. Prices usually go up around any shut down in China because of the impact on supply. I could not figure out why they fell so steeply before holiday
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