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LYC - Lynas Rare Earths

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Nioka, I really love the great info on this forum, so much so that I copy some of your posts and paste them up @ Stockhouse.com

I might pick LYC in the contest, if it isn't taken, although I'm discovering several others I like, such as Oilex, Summit, et al....
 
The reason I don't pick a stock like LYC in the comp is that it is a stock which will not double in value in a month but will be a steady rising stock. The comp is a win big or lose job. It doesn't mean I don't count it as one of my best.
 
Nioka, thanx for your reply...
I sent an email to the co., now awaiting reply, but not holding my breath for a response....

re: OTC listing of LYSCF....this only would be of interest to Norteamericanos...
 
LYC reached a new high again today. There was considerable volume 6,902,217 shares traded.I'm waiting for a "substsntial holding notice" which will let us know where the shares are going. The company, in it's latest report, stated that the shares are being traded in significant quantities on the US market. The trading is not through official company listing but rather "over the counter" through the grey market. See www.pinksheets.com. The share ticker is LYSCF. There could be some interesting developments with this one.
 
mmmmining said:
I think all the shares went to USA. They they have some chips to run pinksheet.
Click to expand...
Pink slip sales show only 541,340 with last sale @0.54(us$) that would be yesterday in USA. Pink slip sales do not show in ASX figures. A portion of todays sales on ASX could be resold with pink slips tonight our time. It will take a lot to work this one out.
 
If you do not follow this one today could be a good day to start. It will kick off at an all time high with further interest from USA.
 
According to reports the selling off of 7,519,000 shares by Ospraie Management, a substantial holder of LYC, is a factor preventing a better share price. They are not selling at a rate to oversupply but the amount of sales by the must be having a dampening effect. Even with this happening the SP is still on the up.
Am I the only one following this, can anyone supply some more info on the subject.
Sales last night on pinksheets in the USA of 839,234 shares @55c (USD) up 1c
 
"..I might pick LYC in the contest.."

actually, I picked Gippsland, a virtual unknown....they will probably remain an unknown, and I'll end up in last place, so it's a long, long, shot......
 
Sales in the USA on pinksheets continued on Friday with 755,290 shares traded. Closing price up 1c to 57c(USD). I had expected these stocks to trade sideways until closer to production. The world shortage of rare earths and China's restrictions on exports is certainly having a positive effect on LYC
 
Osprey management continue their sales of LYC shares with another 2,850,000 sold in the past week according to their announcement. Considering their volume of selling the price is holding. Sales in the USA on the pink sheets continue at reasonable levels and help maintain the interest in this stock.
 
Yep, LYC is holding despite the large volume sell-off - a sign of investor faith, i'm sure?? oh well, i'm not selling anytime soon. There's still a lot more in this stock to come.
 
It would be worthwhile reading the Investor presentation put out by LYC in an announcement today and backed up with an upgrade by Westpac. Too much to try and post here. Interesting information which backs up all I have previously posted here.
 
Yeah, Nioka, read the report already but I was actually hoping for a more technical report on the progress of their set up in Malaysia and their Mt. Weld mine...don't want any Cameco-style horror stories to crop up just when the flowers are beginning to bud.

Could you tell me where I could find the Westpac analysis? Thanks.

I'm trying to wean myself off Analysts' Predictions - been following them a bit too religiously in the past. sometimes the analysis is given on the back of buying the same stock themselves...neo insider trading.

But still, it's worth running behind the big boys...they have their crystal balls floating on a sea of their own cash.
 
Available on Westpac broking website.Company research LYC. If you are not a westpac customer it can be accessed as a trial run.
 
Thanks Nioka. I went to have a look at the website some days ago but got a bit lost, I'll have another go at it somewhere soon.
 
Lynas continue to set new highs in trading both on the pink sheet trading and again today on the ASX. The half year accounts published yesterday confirm the companies sound financial position. Considering the size of the company the volume of trading is considerable. If the volume on the sellers side falls off the price should improve further and as each day passes we are a day closer to production. This one is proving to be a great investment showing over 100% return on my outlay to date.
 
In another notice of a change in substantial holding Osprey mgnt have advised of the sale of another 5.2 million shares. That brings a total of approx 18 million sold through the market this year. Their selling must be holding the market back to an extent. When their sell off finishes we could see steeper rises in the SP.
 
...and as expected the sell off knocked the LYC price down a bit. I was curious to see whether the Ospraie sell off effect would be similar to past ones, since it's been done a few too many times.

maybe too many techies been selling off, the 21/2 charts weren't showing obvious sell signals but i guess it was good enough profit.

oh well...maybe a good time to pick up a few more.

followed with interest the fortunes of ARU, the other one with RE mining. 2 things came to mind :
1. typical Ex-Date sell off
2. 100% bull-uranium investors (hence bear-everything else) fleeing the more RE inclined ARU

ARU has a sizeable RE deposit, but I favoured LYC over them as they only come into production in 2010, anything can change in a matter of years. at least LYC is up and running already, producing by 2008.

but don't forget, the race is on. no one's gonna sit down and let the Chinese (or ones like Nicky who are ol' buddies with them) create an RE cartel. already GWG is on Hoidas Lake and Avalon on Thor Lake over in North America..

GWG is coming onto the market alredy on 2008.

c'mon LYC!!
 
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