Don't agree with your logic. If anybody wanted to sell for tax loss, probably sold long ago. I really dont believe these people waited until the end of year to make their decision to sell. Short term reason to buy is phase 1 production to be announced winthin the next 6 -7 weeks.
Great video. Actually done very professional. Watching video makes me think the company is a little undervalued at .26c. No?
Sentiment: Strong Buy
I agree regarding buying the stock. However, it might be best to wait until the end of the year. The stock closed 2012 at $0.581. If someone has a huge number of shares, there will be some temptation to sell and off-set gains on other stocks. On the other hand, there is no short term reason to buy.
Nick Curtis ruined Lynas in my opinion. Lynas had all of the environmental contracts and approvals in place in Australia to mine and process REE and would have been in operation during the most important time Rare Earths were needed and most expensive, yet Curtis moved the processing plant over 5,000 miles away by ship to Malaysia. A processing plant that had no, zero, nada, nothing of any post construction contracts, and even now, the company is working with a temporary license that could be pulled at the change of government. How any bank would lend this man the money to start this company with a fine arts degree and no mining experience is mind boggling. If I had known when I started this investment what the leadership was like I would have run as fast as I could away.
Not much to get a hold of in the article. 76% production improvement? may not be that impressive, when you're starting near zero. Delay after delay. I remember years ago, when Nick Curtis, then CEO, told us that, after all, this is not new technology.
When you owe $10,000 and you can't pay it back, you have a problem. When Soljutz lends Lynas $225million US, and Lynas can't pay it back, Soljitz has problem.....everybody's in for more than a Billion.
Lynas can't execute, but oddly, Lynas has US ALL by the throat. From Oct 1: "Under the terms of the Sojitz debt facility, Lynas needed to meet certain production and profit targets by January or make an early payment of $US35m. This agreement has now been extended by 13 months to March 31, 2015 and will see the company pay a $US10m instalment in January and another $US35m in September 2014." ..............That's next year folks. Patients folks...........
One of the worst posts ever. It's a tme to buy not sell. This sets up well for 2014. Last of the weak hands are dumping at the moment but how much longer will this last as the basket prices actually recovered from the 2nd Q?? There are few big cataylists upcomming (phase 1 production announcment, POL..etc) and I will continue to buy the blood bath and ignore foolish posters who don't understand commodity investing and macro ecomonics.
Sentiment: Strong Buy
The share price keeps falling as the price of rare earth is below what is profitable for Lynas.
If this keeps going, they will run out of cash. I believe the Chinese would like to drive the
company out of business and buy it out of a bankruptcy filing.
Is it time to buy Lynas?
By Andrew Mudie - November 5, 2013
I don't see this in the news stories. Where is it? It is available at Google News, Motley Fool is a rather big presenter here at Yahoo, one might even wonder if they are paid for their writing, so why is this article missing? For investors and potential investors, this is a good read. Here are the last statements of the article, if one wants to read the complete article, Google the above title at news Google.
With production on the way after the two-year delay between construction and first production, the company appears to be slowly turning it around. After losing more than $107 million last financial year, the plant is hitting its straps, increasing production by 76% in the three months to September 30, to 253 tonnes.
As an aside to the operational problems, Lynas’ relatively new chief executive of seven months, Eric Noyrez, has been attempting to change the local population’s perceptions of the plant. In the 11 months since it started operating, six international bodies for radiation and pollution levels have audited the plant. All six have come back clear, with the plant operating within local and international standards. Additionally, Lynas recently ran a tour for 80 health officials aimed at improving the public perception of the plant. It seems to have worked, with numerous local officials making public statements proclaiming its safety.
Lynas shares are currently trading at near 24-month lows, at 34 cents. The share price reached an all time high of $2.70 in early 2011 as optimism about the Malaysian facility pushed the price up rapidly from 50 cents. It has steadily declined in recent years as delay after delay to the plant pushed the company to consecutive losses. With the plant finally operational and many of the local health officials now on its side, it appears that the worst may be over. Investors willing to accept greater risk might consider Lynas and a medium to long-term investment.
Oliver Curtis ordered to stand trial for insider trading
November 19, 2013
Investment banker Oliver Peter Curtis has been committed to stand trial in the NSW Supreme Court for insider trading, despite his legal team arguing his former best friend John Joseph Hartman could not be believed as a witness.
In the Downing Centre Local Court, Magistrate Greg Grogin said despite some issues with Mr Hartman's evidence, a reasonable jury properly instructed had a reasonable prospect of convicting Mr Curtis of an indictable offence.
Minutes earlier, Murugan Thangaraj, SC, for Mr Curtis had said Mr Hartman's evidence was "evasive, untruthful, unreliable and manipulative".
In closing submissions, the prosecution had argued it was not only Mr Hartman's evidence but also documents, and trading data which could not be explained, which formed the Crown case.
Mr Curtis allegedly traded using confidential information that Mr Hartman gave to him in 2007 and 2008, which he obtained as part of his role at Orion Asset Management.
Mr Hartman confessed to 25 counts of insider trading in 2009 and was sentenced to more than a year behind bars.
Hopefully the banker with the fine arts degree will get implicated during testimony too. Oh, this is going to be fun to read about.
Lyc had an incredibly low volume day in Australia that just ended it session with no change in the stock price. Perhaps investors are in limbo awaiting the annual general meeting?
Wait a couple of days to BUY MORE stockdude because the price is going to get REAL CHEAP, like 0.06 Cents in the coming days. Lynas is a DEAD DUCK.