Past losses and dilution have very little relevance to future...

Past losses and dilution have very little relevance to future prospects, because the whole picture for Lynas has changed for the better. Had you reinvested the proceeds of your sale at 29c when it reached 3c, you would now have your money back. As a result of the changes that have occurred within Lynas and in the markets and industries in which operates, there is now prospect you would get your money back (or more) in a few years if you invest that sum at the current price. To my mind that is what is meant by a turn around.