It did try. That $8 mark might need a little WD40 over the next few days?
Can anyone post some post about this stock. Just curious, how far can it go..
Thanks Sean for your reply and good tips, to ask oneself ie moi.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
Sweet timing on a bad news day . Imagine how it would have traveled on an ordinary day (if there is such a thing)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?
Well noted. I missed that though there was some talk of it recently ( unless I dreamt it !! )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
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.Well noted. I missed that though there was some talk of it recently ( unless I dreamt it !! )
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.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.
MickA 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.
and in a report in Murdoch PressAs 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.
So it might be hoped that the new level of friendship may assist the likes of Lynas in its endeavours.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.
But..but..but how do one corrects corruptions..no more to add..just read what ever you like.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.