LYC - Lynas Rare Earths

nioka · 15 August 2007

ta2693 said:
We should be happy now. we can get LYC on market below 1.00
That is unbelievable. That is the only one I will hold to the end. even if its price fall from $1 to 1c. The fundamental is so persuasively strong. It is easy to see how panic the market is now.

I can't believe anyone would sell at that price. I'm watching and will buy more for certain. There are some good buys today. I wish I could see a week or two ahead,

Hawkeye · 15 August 2007

Well - a lot of people (myself included) will tell you "You can have it".

Not at all impressed with management last week, and whilst it's come back to the price it is now (1.06 at time of typing) - you really should do your research on this one to determine just how much you think Rare earths are worth. Don't get me wrong - I think Mt.Weld is great...I just don't think 'Rare Earths' are all that rare!

Good luck with it though - but I'll stock up on Iron Ore and Oil while I can.

Kieran · 17 August 2007

86 cents....what the bloody hell just happened?
It's going to take aaages for this one to recover back to the $1.52 I paid for it 4 weeks ago

nioka · 17 August 2007

Kieran said:
86 cents....what the bloody hell just happened?
It's going to take aaages for this one to recover back to the $1.52 I paid for it 4 weeks ago

I've just sent an email to my lynas contact to ask the same thing. I'll post if I get any news. I spoke to them 2 weeks ago and everything was rosy and on track. I'm holding as I believe iy will recover Quickly. It is financed so it should have no problems there. Rare earths are what it says.. rare and while some of the minerals are found in many places there are not too many that are economical to mine and Lynas has the best one known to date outside China.

purple · 17 August 2007

nioka said:
I've just sent an email to my lynas contact to ask the same thing.

ooh....Nioka....insider trading eh?

I sent them a complaint email some time back on their share placement. I'm bullish on the company and rare earths, but unhappy with that little share placement thingy. But with the market now, I suppose everyone's got other things on their minds.

Kieran said:
86 cents....what the bloody hell just happened?

I think you summed up the thoughts of anyone and everyone worldwide who's trading shares.

nioka said:
I can't believe anyone would sell at that price. I'm watching and will buy more for certain. There are some good buys today. I wish I could see a week or two ahead,

My other speccies are hit even worse.

Oh well. Hoping the bottom has been hit. My beautiful parcel LYC butterfly morphed back into a caterpillar!

Kieran · 17 August 2007

Lets look on the bright side though, we've dropped 45% since 13th July (1.565) where as our good friends over at the ARU camp have dropped nearly 50% since the 26th! (2.20)

purple · 17 August 2007

Kieran said:
Lets look on the bright side though, we've dropped 45% since 13th July (1.565) where as our good friends over at the ARU camp have dropped nearly 50% since the 26th! (2.20)

Aye! to that.

:walker: keep on walking.

Looks like the champagne has to delay its coming out of the cellar by a couple more weeks then.

nioka · 17 August 2007

purple said:
ooh....Nioka....insider trading eh?

No . I just happen to have a contact that first recommended the stock who knows the latest news and is in a position to sort the spin from the fact. Let's just say he is close to the action. Probably will not get my mail until he returns to work next week.

purple · 18 August 2007

nioka said:
No . I just happen to have a contact that first recommended the stock who knows the latest news and is in a position to sort the spin from the fact. Let's just say he is close to the action. Probably will not get my mail until he returns to work next week.

lol, no problem. looks like he does certainly know the latest, i remember you posted something about transport some time back.

Anyway, here's to LYC climbing out of this market crash soon. Must admit the current share price is not a pleasant sight but I'm behind this stock all the way.

ta2693 · 18 August 2007

Kieran said:
Lets look on the bright side though, we've dropped 45% since 13th July (1.565) where as our good friends over at the ARU camp have dropped nearly 50% since the 26th! (2.20)

I think the difference is partly because of greedy investo friends pay $1.15 just weeks ago. Partly because ARU is more speculative than LYC who are going to produce earlier. If Investos did not inject 60m at $1.15. LYC will suffer as much as ARU.

nioka · 18 August 2007

nioka said:
No . I just happen to have a contact that first recommended the stock who knows the latest news and is in a position to sort the spin from the fact. Let's just say he is close to the action. Probably will not get my mail until he returns to work next week.

Answer to my question received says "Lynas still travelling well with the Roche mining operation in full swing."
My tip is for a jump on monday. (I'm not always right) but regardless of monday they are a good long term investment.

2laidbak · 26 August 2007

hey nokia, is lynas settling down now after the market drop? i got in this last year @.48, from a stock tip at a service i sub. to and man was i happy when it went all the way to 1.40. i just found this forum not too long ago and enjoy it once i learned how to get around. it's a little different than investorshub or raging bull that's here in the states. anyway take it easy, and i think you are right about this being a great long term investment. good trading, thomas

2laidbak · 26 August 2007

also nokia, i'm not familiar with what a substantial holding is- all i know is that every time they put that out, the stock goes up. we don't have those kind of releases over here. thanks, thomas

nioka · 26 August 2007

2laidbak said:
also nokia, i'm not familiar with what a substantial holding is- all i know is that every time they put that out, the stock goes up. we don't have those kind of releases over here. thanks, thomas

5% or more is a substantial holding. In Lynas's case there were merchant banks providing finance through cheap shares which they kept cashing in as the price rose. They obviously did this gradually so as not to crash prices and it worked well for them the big rises then occurred when they slowed down. The recent drop, in my opinion was caused by the increase in costs and the delay in commencing production by the decision to change from China to Malaysia This has long term benefits but short term problems for those wanting instant results.
By the way it is NIOKA not the phone NOKIA. Nioka means "green hills" which is why I'm an optimist and tend to be bullish when trading.

Kieran · 26 August 2007

Thanks for your posts nioka, you have an insight into this company unlike anyone else here and I really appreciate it!

nioka · 27 August 2007

Another small (hopefully) hitch for LYC is a change of location for it's Malasian plant. At the request of the malasian govt the plant will be located at another site. This is not expected to result in extra cost and there are said to be advantages but it could delay the start by 2 or 3 months.

Hawkeye · 27 August 2007

You Call this a Small hiccup??

2-3 Months - NO WAY...we're dealing with the Malaysian Government here...i'd be reading at least 6 months...maybe more.
Glad I got out when I did - I think there's upsides to the Co. - but right now is not a time to buy back in. Good luck to those brave enough to hold.

BIG BWACULL · 27 August 2007

Hawkeye said:
You Call this a Small hiccup??

2-3 Months - NO WAY...we're dealing with the Malaysian Government here...i'd be reading at least 6 months...maybe more.
Glad I got out when I did - I think there's upsides to the Co. - but right now is not a time to buy back in. Good luck to those brave enough to hold.

No not a hiccup but, BURRRP Ahh thats better, Its probably better they moved the plant closer to better infrastructure and transportation

MIDA has identified a preferred location within Pahang at the Gebeng Industrial Area. Gebeng is 2.5km from Kuantan Port and approximately 30km to the south of the original planned site. The supporting facilities and infrastructure required for the processing plant are well developed at Gebeng and include: Filled site, which reduces the site preparation requirements Required electricity, gas, water, and steam infrastructure Complete logistics infrastructure including roads, a railway line to port side, and port facilities for both containers, liquid chemicals, and dry bulk materials

I bought more at $1 last week LONG TERM HOLDER Toppin em up
Sad to see ya go hawkeye say hello to the others a M.A.S.H headquarters Over and out

nioka · 27 August 2007

Hawkeye said:
You Call this a Small hiccup??

2-3 Months - NO WAY...we're dealing with the Malaysian Government here...i'd be reading at least 6 months...maybe more.
Glad I got out when I did - I think there's upsides to the Co. - but right now is not a time to buy back in. Good luck to those brave enough to hold.

My info is that the new site is in an advanced state of preparation compared to the existing one and production may not be delayed any more because of the change. Thought the share may drop a bit today on the news and provide a good buying opportunity but it seems that the news hasn't spooked many.

Hephaestus · 6 September 2007

economically viable Rare Earths resource, including;

Ability to produce a high grade Rare Earths concentrate via pilot plant tested, low cost gravity separation processes.

Inherently low thorium and uranium content thereby making it practical from an environmental perspective and allowing transportation of the concentrate.

Lynas’ Executive Chairman, Nicholas Curtis, believes that the signing of the contract is complementary to the already large Rare Earths resource held by Lynas at Mt Weld, “This acquisition further enhances Lynas’ security of supply by making Lynas a multi-mine company, it increases our growth potential, and positions Lynas in the market as the significant Rare Earths supplier outside of China”, Mr Curtis says.

LYC - Lynas Rare Earths

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