LYC 0.34% $5.93 lynas rare earths limited

Hi KalennJust trying to put a bit of a damper on too great...

  1. 18,124 Posts.
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    Hi Kalenn

    Just trying to put a bit of a damper on too great expectations; I did not mean to offend; 'sentiment' was not the right term. I own LYC and like you, hope for a great result.
    I had seen your calculations, and having been a long-term holder of another share where 'rational' analysis and endless projections by one 'informed' investor really got me and others into a long-term hold and eventual sale at a great loss, I have a natural bias against projections of that sort.

    I don't own a crystal ball and I don't know what trading plans the Chinese have - maybe they will decide to export some of their REEs again when the price is high enough?? - just a thought. There are also some difficulties to be expected when Lynas' plant in Malaysia eventually starts up - hopefully not - but most new production facilities experience some wobbles on start-up.

    My trading plan nowadays is: Purchase in a hot sector, trade some of your holdings, but watch out when the s.p. goes parabolic - or as this one has in the last couple of days, gone up in an almost straight line.

    I was just trying to inject a note of caution.

    Happy New Year to you too, Kalenn

    Taurisk
 
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Last
$5.93
Change
-0.020(0.34%)
Mkt cap ! $5.542B
Open High Low Value Volume
$6.04 $6.04 $5.93 $23.75M 3.975M

Buyers (Bids)

No. Vol. Price($)
8 128544 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 12481 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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