LYC 2.27% $7.90 lynas rare earths limited

short term trading - nov #1, page-23

  1. 805 Posts.
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    Looking positive for today:
    - LYSCF up 9.4% overnight in US
    - new contract signed notification (market sensitive)
    - Hong Kong rare earths presentation - nice positive presentation which highlights the infrastructure needed to process this stuff
    - confirmation all projects are on schedule
    - Concentration Plant to be commissioned in Feb 2011 in Oz
    - first product from LAMP in Cal Q3 2011

    Market currently set to open @ $1.29 with 930k. (note: there was a late Crossing trade for 50k @ $1.287 registered but basically ignore that).

    Looking healthy for a bullish day - wouldn't want to already be short going into today
 
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