You still fail to understand me. Not asking you to believe what...

You still fail to understand me. Not asking you to believe what I say but to comprehend why I believe it. I think you are afraid if you even consider it you may see what may happen Let me make it simple with short statements

Profits are important they are the only thing that fuels growth.
The two best ways to look at profits are share related. P/E or EPS
look at this chart of all ASX stocks and see how Lynas compares JMO it is 2X to 4 X higher. https://www.marketindex.com.au/statisticsToday Lynas's PE is Aud 7.02/ 0.09 = 79 can you explain why downward momentum should not be expected?
Here is the historical PEs for ASX 200 today it is 22.69 Note they consider 20.77 expensive.
https://worldperatio.com/area/australia/

So could you explain to me why you think LYC is fairly priced except for current price movement.
So far you are correct, I am wrong. At least I can define why I believe what I say. Can you give good reasons for your buy sentiment?
EPS is very important because it includes New shares issued. 2022 EPS $0.60 2022 AR PG 56. 2024 EPS 0.09 AR PG 61
Yes lower REE prices are responsible for most of this. Do a little research and see what else is causing it.

28 August 2024· P/E Ratio:22.64· Last Periods metrics

Show all periods

			Range		Analysis
Period	Average P/E (μ)	Std Dev (σ)	Std Dev Range [ μ-2σ · μ-σ , μ+σ · μ+2σ ]	vs Current P/E ( 22.64 )	Deviation vs μ	Valuation
Last 1Y	16.80	1.98	[12.83 ·14.82 , 18.79· 20.77]		+2.94 σ	Expensive
Last 5Y	16.27	1.71	[12.85 ·14.56 , 17.99· 19.70]		+3.72 σ	Expensive
Last 10Y	15.63	1.05	[13.54 ·14.58 , 16.67· 17.72]		+6.70 σ	Expensive
Last 20Y	14.47	1.26	[11.95 ·13.21 , 15.73· 16.99]		+6.48 σ	Expensive