LYC 1.65% $7.75 lynas rare earths limited

Okay. I just have to comment on this one. I watched the clip...

  1. 4,775 Posts.
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    Okay. I just have to comment on this one. I watched the clip from the news without sound so as not to be influenced by media beat up or protestor rhetoric. Two things were clear.

    Firstly. The protestors are a sham. Careful use of home video, but still so few actually taking part. I am now not concerned with them in the least.

    Secondly, the Lynas plant looks impressive. It obviously is employing a lot of locals and technicians, but also the wider angle views showed NO residential housing on its doorstep. It is clearly an industrial estate.

    Still like the niche market they are getting into. Still like the fact they have an amazing resource. Still like the fact they are into production phase. Still like the triple bottom chart scenario. Pleased they raised capital at 75c. And pretty amazed at the small drop in sp over the holiday period considering such low volumes.

    Risks. Yes of course, but happy to be in at 60c with a smallish parcel and see what te next official announcements bring in order to decide whether to add to the holding or sell.

    My opinions. Milesy
 
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