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LYC - Lynas Corporation

Discussion in 'Stocks I-P' started by nioka, Oct 18, 2006.

  1. blackjack

    blackjack

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    AELB informed the audience today that they were wating on Nic Curtis (NC) of Lynas to supply them with plans to fulfill the extra 2 conditions set by the science minister.

    NC had said previously to the ASX that they supplied info to the AELB and then went on to say that LYNAS is under know pressure and they can take their time but the sooner they supply what is required the better - so who's telling porkies?

    Also the ASIC should be actively investigating who was responsible for yesterdays stock collapse. Who had inside info and who was shorting the stock?

    Also why didnt ASX issue a speeding ticket earlier?

    Someone knew something and its worth finding out who! This might in some small way level the trading field.
     
  2. ROE

    ROE

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    This saga goes on longer than day of our lives TV show

    Media release, Parliament inquiry/study, study group, LAMP plant tour, recommendation from Atomic board, safety study and the list goes on and on

    and they still haven't got TOL

    Welcome to Malaysia :D
     
  3. lenny

    lenny

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    Looks set to be rough day on the market tomorrow.
     
  4. payshense

    payshense

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    :banghead:

    :mad:

    :bad:

    Someone needs to be made accountable for the joke that this has become. Not impressed at all. Thinking an email to ASIC to make an official complaint might be in order. Why did ASX not impose trading halt on Lynas when it was common knowledge that AELB was to make a statement this week? So many questions that need answering! Love to hear what other long term holders make of this circus.

    Holding (why i don't know!), DYOR
     
  5. skc

    skc Goldmember

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    As a long term observer (I have looked at LYC for over a year)... this is the chart I can't get my head around.

    20120628 MCP vs LYC.JPG

    If LYC share price is so low because it is being manipulated by instos and being held at randsom by the Malaysian situation, why has Molycorp fallen just as much? Will the issue of the TOL actually put the company back on an uptrend?
     
  6. blackjack

    blackjack

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    the most amazing stock eh
    all dressed up and no where to go

    i find this interesting from the AELB - She added there was no time frame for the rare earth miner to submit its proposals, and that it was "up to Lynas when they will submit".

    "We do not impose a deadline or anything," she reiterated.

    "But it is in their best interest to do so as soon as possible."

    Lynas said in an ASX announcement that they had this covered

    So answers please Mr Nic
     
  7. tinhat

    tinhat Pocket Calculator Operator

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    I haven't been following this company but I think everyone is aware of it and the story of its changes in price over the past two years.

    Just a quick question for anyone willing to provide a short answer. What was the business case for developing the plant in Malaysia in the first place and why not Australia?
     
  8. lenny

    lenny

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    Seems nothing can go right for LYC atm with TOL being delayed and delayed at the same time the ree prices continue to slide now at $56 with that sliding valuations also.

    Technically the SP has been rising on decreasing volume for the last 5 bars (bearish) which is looking like testing the 73 cent low imo.

    Hopefully some good news on the horizon.
     
  9. J.B.Nimble

    J.B.Nimble

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    Important to remember that their REE basket value at that time of the BFS was less than $5/kg - it had to be done cheap...

    The original plan was to build the refinery in Shandong, China - low capital cost and access to refining know how.

    They switched to Malaysia when China started to put the screws on exports. Malaysia provided low capital cost, tax breaks for 10 years, port and related infrastructure, key reagents produced on neighbouring sites, and access to a workforce "fluent in English and Mandarin easing integration of the company's current engineering staff" (ASX ann 19/6/2006)

    With the benefit of hindsight there may have been better options than Malaysia but it seemed a rational choice at the time.
     
  10. Chasero

    Chasero

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    So.. new lows today?

    Don't know if it's manipulation, but the TOL delay is definitely hurting the share price and there is way too much selling pressure.

    Who knows where it will bottom?
     
  11. PinguPingu

    PinguPingu

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    Not quite, a lot of support around 0.75-0.74, but yowsers nothing has ever said no news is bad news like Lynas. Very glad I reduced my exposure, although I'm currently sitting on -20% on the holdings I have left. Just gotta keep waiting I guess...
     
  12. payshense

    payshense

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  13. sinner

    sinner

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    Because - just like every other smallcap on the board since post May 2010 - XSO is the ruling force.

    Small caps are getting sold and bought at the portfolio level, investors simply aren't as interested in the individual fundamentals.
     

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  14. lenny

    lenny

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    Price action is looking very vulnerable atm!

    Below 73.5 cents and we might see some capitulation me thinks.

    GL to those brave enough to hold
     
  15. notting

    notting

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    7th-March-2012 12:40 PM
    "It's a horror story, coming true on my PC.
    Shocking me right out of my brain.":eek:

    Gets interesting and releveant 1.15mins :bad:



    My new book is called Valububble.
     
    Last edited by a moderator: Dec 30, 2016
  16. herzy

    herzy

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    Anyone got any idea what's happening today?
     
  17. skc

    skc Goldmember

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    Molycorp got sold down on a discounted capital raising overnight, but I don't know if there were any further details as I only read the headline.
     
  18. PinguPingu

    PinguPingu

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    Many thought first feed to kiln would've happened by now, guess that's the risk when setting up in places like Malaysia. I do believe eventually Lynas will see the light of over 1$ again, *when* it finally gets its plant up and running.
     
  19. rude

    rude

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    What are the actual hold ups? The government or isn't the plant ready to process?
     
  20. Julia1979

    Julia1979

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    It is. The CEO is suffering from his midlife crisis though. As soon as this is over, production will begin. :rolleyes:
     
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