As expected retrace is under way as profit taking happens. There is also still quite a short position. If Lynas were clever they would announce the moment a heavy REE element starts production In May and June as that will boost sp but from experience Lynas rarely tell us shit except at quarterly’s. I am going to try to not bother myself with Lynas sp for next couple of months as it will be all over the shop before the build up starts in the sp in June.
LYC Price at posting:
$8.37 Sentiment: Buy Disclosure: Held
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