LYC 0.14% $6.93 lynas rare earths limited

sp ... will aussies lead or follow ?

  1. 147 Posts.
    I own Lynas on both the ASX:LYC, and on the OTC:LYSCF
    for over 1 year now. I first bought LYSCF in 2010 at $1.65
    when there was far more risk and the REE basket price had
    not yet peaked.

    At this moment LYSCF is holding steady at around the same
    price as it was in November 2010 !!! LYSCF follows the
    LYC price 90% of the time, pretty much to the penny. It
    is clear that today it is following the German LYI.F price
    as it is exactly the same as the 1.28 Euros that it closed
    at in Germany.

    My question is...will the Aussie SP follow the U.S. price
    today, or will it lead us to new highs ? While happy with
    a 16% rise today so far, I am astounded that with POL in
    hand the SP is the same as it was over 1 year ago.

    I look forward to any comments about this.
    GLTA
    Looks like our patience is paying off :)

 
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