Australia's largest stock trading and investment forum Australia's #1 stock forum

LYC

Click for more information

2.75%

$6.72 lynas rare earths limited

Reason the US put DoD RE investment on hold for MP and LYC, page-2

First 2 Last

Share
Profile

Follow
Neoarchean

2,506 Posts.

511

27/05/20

10:52

Post #: 44862064
Share

Originally posted by InvestorExx: ↑

There has been a few articles written about this. And they extrapolate reasons including foreign ownership, and then on to%100 US reliant only . Does anyone know of any official mention on the US ownership criteria, which would nix our chances?

The following article is a elaboration of the situation thus far. The problems with the initial participants seem to be all about Mount Pass. 10% chinese ownership and worse still not the right heavy rare earth elements that the DOD needs.

The only thing negative for LYC is that everybody knows that we are forging ahead whether or not we win the award. The DOD could delay enough past the point of need and invest from a later phase saving a cool$40 mil. Or not at all in LYC and be an ordinary customer later Man! I remember the urban myth(?) of $4000 hammers being used at the pentagon maintenance. We will charge them an arm and a leg.....

https://foreignpolicy.com/2020/05/25/china-trump-trade-supply-chain-rare-earth-minerals-mining-pandemic-tensions/

Expand

Good link/analysis--thanks.

LYC Price at posting: $2.08 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 2 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.72		Change -0.190(2.75%)		Mkt cap ! $6.253B

Open	High	Low	Value	Volume
$6.74	$6.77	$6.67	$26.90M	4.008M

Buyers (Bids)

No.	Vol.	Price($)
51	34990	$6.71

Sellers (Offers)

Price($)	Vol.	No.
$6.72	15348	56

View Market Depth

No.	Vol.	Price($)
45	34405	6.710
23	27897	6.700
20	42780	6.690
17	13986	6.680
11	86558	6.670

Price($)	Vol.	No.
6.720	13939	50
6.730	21113	39
6.740	22923	42
6.750	28670	13
6.760	6568	7

Last trade - 13.32pm 24/05/2024 (20 minute delay)


Last $6.71			Change -0.190 ( 2.93 %)
Open	High		Low	Volume
$6.73	$6.76		$6.67	405824
Last updated 13.52pm 24/05/2024 ?

LYC (ASX) Chart