LYC 1.05% $7.69 lynas rare earths limited

when will we recover?, page-10

  1. 19,072 Posts.
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    Dude,

    As an ex-LT shareholder, I know the pain you must be going through.

    I first bought in around $2 plus and bought more on the way down, until I came to the inevitable conclusion about the future LYC.

    For you guys who are still holding on, you can only hope there is a Japanese company or any company with deep pockets out there, that see the strategic importance of an independent RE producer who will be your "White Knight" and offers a decent takeover price.

    Coz given the current trend of commodity prices (including rare earths), there is little chance of LYC, surviving 6 months, without a buyer (no way can LYC do another CR).

    Good luck.
    Last edited by Cosmoterios: 06/11/14
 
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