Australian (ASX) Stock Market Forum

LYC - Lynas Rare Earths

Sean K

Moderator
Joined
21 April 2006
Posts
17,645
Reactions
3,310
It did try. That $8 mark might need a little WD40 over the next few days?

Could probably keep bouncing along for a bit longer gathering more steam. The longer that goes on the better the break out perhaps. Long term trajectory seems to be up, so just a matter of time.
 
Joined
14 November 2021
Posts
160
Reactions
275
Nerve racking today, spend big, empty my pot. What's the chance of this stock hitting $10 - $12?
Looking forward for feedback.
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,645
Reactions
3,310
Can anyone post some post about this stock. Just curious, how far can it go..

A few questions I have: What's it's Market Cap? How much does it make? What does it cost to make it? Is it producing stuff that's going to go up, or down, in value? Is it generally trending one way or the other? Is it a takeover target? Is it a meme stock that's going into bubble territory based on a narrative? Did my Uber driver just recommend it?

This would have been a great buy on 12 Nov when it broke $7.85 and if you held through the big gap open down on 29 Nov, would be doing OK for a short term trade. If I had have done that, I'd now have a stop at about $8.65.

Chart for reference below.

Where's it going to go? Could go anywhere from here, but the trend is obviously up.

Screen Shot 2021-12-02 at 8.02.44 pm.png
 
Joined
14 November 2021
Posts
160
Reactions
275
A few questions I have: What's it's Market Cap? How much does it make? What does it cost to make it? Is it producing stuff that's going to go up, or down, in value? Is it generally trending one way or the other? Is it a takeover target? Is it a meme stock that's going into bubble territory based on a narrative? Did my Uber driver just recommend it?

This would have been a great buy on 12 Nov when it broke $7.85 and if you held through the big gap open down on 29 Nov, would be doing OK for a short term trade. If I had have done that, I'd now have a stop at about $8.65.

Chart for reference below.

Where's it going to go? Could go anywhere from here, but the trend is obviously up.

View attachment 133719
Thanks Sean for your reply and good tips, to ask oneself ie moi.
The chart looks good, have not been that high so now just have to keep stepping up.
 
Joined
14 November 2021
Posts
160
Reactions
275
Have offload with profit on my first post.
Holding another parcel, currently with profit but hoping for more..greedy..maybe if at $12 will do the jig.
Also watch PLS up up n away..
 

Sean K

Moderator
Joined
21 April 2006
Posts
17,645
Reactions
3,310
Is it too late? Recently corrected with the rest of the market. I suppose it will follow any further corrections, but this might just provide an opportunity.

Making lots of money at the moment.

Seems like REE is very high on the agenda for governments to secure supply outside of China.


Screen Shot 2022-02-14 at 9.38.54 am.png


Screen Shot 2022-02-14 at 9.42.32 am.png


Screen Shot 2022-02-14 at 9.43.33 am.png
 
Joined
12 January 2008
Posts
5,721
Reactions
13,414
No posts since Feb22 on this valuable Aussie/Malaysian rare earths producer !

Today's news of a $120M pentagon contract to build another RE facility in Texas induced some demand.
Currently building it's second RE facility in WA.

lyc1406.PNG


Will we get another chance to buy LYC at $8 again?
 

Dona Ferentes

κατάσκοπος
Joined
11 January 2016
Posts
7,339
Reactions
8,118
Today's news of a $120M pentagon contract to build another RE facility in Texas induced some demand.

Will we get another chance to buy LYC at $8 again?
Sweet timing on a bad news day . Imagine how it would have traveled on an ordinary day (if there is such a thing)

There's even a FT article
Pentagon bankrolls rare earths plant as US plays catch-up to China
 

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
11,371
Reactions
4,412
Sweet timing on a bad news day . Imagine how it would have traveled on an ordinary day (if there is such a thing)

There's even a FT article
Well noted. I missed that though there was some talk of it recently ( unless I dreamt it !! )

gg
 

Dona Ferentes

κατάσκοπος
Joined
11 January 2016
Posts
7,339
Reactions
8,118
I've too frequently dismissed Lynas because of a few missteps, Malaysia being one and the focus on a light RE mix while the 'forward facing' stuff is meant to be where the growth is. But there's no denying their clout, size and ability to pivot.
 

Gunnerguy

Property, Index Investor & new Options trader
Joined
27 July 2010
Posts
272
Reactions
402
Well noted. I missed that though there was some talk of it recently ( unless I dreamt it !! )

gg
I have a July 7.75/7.50 put credit spread on this I sold in April or May, can’t remember. The premium was nice but also in the back of my mind was if it went down this much I would sell my protective put for more premium and be happy to be assigned the shares at 7.75.
Two strategies in one trade. What’s not to like.
Gunnerguy.
 
Joined
12 January 2008
Posts
5,721
Reactions
13,414
I also think they've done an excellent job in Malaysia as there is/was plenty of environmental pressure from a vocal minority. Building production facilities in WA and now Texas will significantly reduce sovereign risk for Lynas. It also establishes them as a more dominant producer (moat?).

News covered in AFR also.
 
Joined
28 May 2020
Posts
1,809
Reactions
2,911
I also think they've done an excellent job in Malaysia as there is/was plenty of environmental pressure from a vocal minority. Building production facilities in WA and now Texas will significantly reduce sovereign risk for Lynas. It also establishes them as a more dominant producer (moat?).

News covered in AFR also.
In a report fromThe evil murdoch empire it is alleged that a social media war engaged by China to thwart the expansion of Lynas in Malaysia and texas. It targets the environmental record of Lynas.

A Chinese-linked campaign that is spreading disinformation to undermine the resources sector in the West has targeted a leading Australian mineral company and is attempting to drum up protest activity to prevent its expansion into the US and Malaysia.

A report by US cybersecurity firm Mandiant reveals the campaign, known as Dragonbridge, has been operating since 2019 and consists of thousands of inauthentic accounts on social media platforms and websites that spread messages promoting the interests of the People’s Republic of China.

Mandiant says it has found a “subset” of the operations that targets Australian mining company Lynas Rare Earths, with content criticising its alleged environmental record and calling for protests against its planned construction of a processing facility in Texas.

It contacted other companies, including Appia and USA Rare Earth, in North America about the Dragonbridge campaign.

The Australian government and national security agencies over the past two years have issued warnings about “sophisticated cyber-attacks” targeting critical infrastructure in Australia.

The Mandiant report says it is clear the cyber attacks are targeting “an industry of strategic significance to the PRC”, and particularly companies that challenge Beijing’s market dominance.
Mick
 
Joined
14 November 2021
Posts
160
Reactions
275
Only my opinion re investing in Malaysia. I like LYN but wary about its location. Wldnt hold the stock for long. Only good for short time trading
 
Joined
28 May 2020
Posts
1,809
Reactions
2,911
Penny Wong, having been born in Malaysia, is keen to see a better relationship according to ABC news

As Australia's first Asian-born Foreign Minister — and indeed its first foreign-born foreign minister since Nigel Bowen in 1972 — she can draw on her family heritage to remind South-East Asian nations of Australia's image as a multicultural nation.

Ahead of the visit, she said Australia's future was tied to the future of South-East Asia.

"It's more than geography that binds us — we have genuine links in Vietnam and Malaysia: family, business, education and tourism," she said.
and in a report in Murdoch Press
Penny Wong has reassured Malaysia that Australia will be a “reliable supplier of wheat and meat” as fears mount over a food crisis as a result of the Ukraine invasion.
But the Australian foreign minister failed to allay lingering fears over the potential for the AUKUS security pact to trigger an arms build up during discussions with her Malaysian counterpart, Saifuddin Abdullah, on Tuesday

Senator Wong made the commitment to help Malaysia overcome food supply constraints in her first visit to the country of her birth since the labor party’s election victory last month.
The two also agreed to work to improve two-way trade, which has soared more than 30 per cent since 2020 to $US40bn ($57.7bn) a year.
So it might be hoped that the new level of friendship may assist the likes of Lynas in its endeavours.
Still wish they had built the plan right here in Oz.
Mick
 
Joined
14 November 2021
Posts
160
Reactions
275
Penny Wong, having been born in Malaysia, is keen to see a better relationship according to ABC news


and in a report in Murdoch Press

So it might be hoped that the new level of friendship may assist the likes of Lynas in its endeavours.
Still wish they had built the plan right here in Oz.
Mick
But..but..but how do one corrects corruptions..no more to add..just read what ever you like.
 
Top