Stock held down, page-23

There have been many holders of this stock since the run up in prices in 2010. They one thing they are very consistent on is their firm belief the stock Will be much better in 2 ~ 3 years. After the 2016 refi they all said one year and we will be at $5.00 pre split. Now in 2020 you say just 3 more years. I held for me a very large holding in Lynas in 2011. Whe for the third time in 6 months NC said all we have to do is fix this last problem and we will be in production I sold all it took about a week because it was US DY. I have also predicted better times ahead several times. Actually bought heavy in 2016 But ended up selling fairly quickly as I saw Bad potential long term impact of REFI. so one thing I have learned about Lynas is never try to catch the falling knife,SP, Be patient and wait and jump on it when it becomes a shooting star. You will miss bottom but if you look at history that is fine.

Low REO prices and 2025 Spending will keep cash flow low and mean much borrowing. My guess is AUD 200M ~ 400M. PDF and moving C&L will hit profits. The new C&L will be cap ex. Depreciating old at accelerated rate hits profits. So yes I believe the SP could be AUD 5~10 in 3 to ~5 years but every time I say this it turns out I am aggressive. I think the next 1.5 ~ 3 years could be ugly so I will be patient. I know what they need to look good and the first is higher REO prices. There are several other factors. so I know what to watch for if I am wrong and need to change my opinion i can.