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Lynas Corporation Limited Message Board

bigjay3301 15 posts  |  Last Activity: Jul 1, 2014 1:50 PM Member since: Oct 24, 2007
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  • Reply to

    Hot Copper houses a lot of stupid posters

    by netanyaty Jun 26, 2014 12:07 AM
    bigjay3301 bigjay3301 Jul 1, 2014 1:50 PM Flag

    You said that when the stock was $.25. Now it is $.12... Maybe people, other than you, have a good idea of what is going on here... Just sayin.

    Sentiment: Hold

  • MELBOURNE: Australian rare earths miner Lynas Corp suddenly replaced its CEO on Thursday with a telecommunications executive following prolonged delays in ramping up its Malaysian rare earths plant to full capacity.

    Lynas said Amanda Lacaze would take over from Eric Noyrez, who had been in the top job for just over a year and led the company's start-up of its mine in Australia and plant in Kuantan after facing community protests, as well as technical and financing issues.

    Now you know why you should ignore all the pumpers on this board. Lynas will kick yo in #$%$, just at the time you think they have turned a corner. What comes next? Anyone's guess.

    Sentiment: Hold

  • China may end tariffs and quotas on the export of rare earth minerals next year, in line with a World Trade Organization panel ruling earlier this year that the nation acted inconsistently with WTO rules, an industry expert said on Thursday.

    Chen Zhanheng, deputy secretary-general of the China Rare Earths Industry Association, told China Daily that Beijing is expected to end the export tariffs and quotas, imposed in 2010, if the WTO rules against the nation's appeal later this year.

    Industry insiders said the export quota system had been "invisible" in recent years in any case, since actual export volumes fell short of the quotas. Chen said the government is formulating contingency plans for the end of the tariffs and quotas, including tax changes that might push up the prices of these scarce minerals. It is expected that these new taxes should increase the average basket price of RE by another 8%, plus the 3% inflation price raise target, give us an additional 11% in RE prices, based on a mean calculation.

    But as always Lynas, trading at $.17 last week, is back down to $.14 today. I am in this stock for the long haul because selling it now would be a true waste. But as usual, management and the market find away to kick our butt's when we least expect it.

    Hoping their June report will put some support under this stock. If they meet their 11,000 Kg. per year Phase 1 expectations, we could see $.25 in short order. But this is Lynas, and the RE business. You only have to look at Molycorp to see the massacre of that stock price... Good luck to all..

    Sentiment: Hold

  • A nice piece of news for the longs on the board. Good luck to all.

    Sentiment: Hold

  • Reply to

    On Schedule

    by bigalsab May 6, 2014 10:04 AM
    bigjay3301 bigjay3301 May 19, 2014 3:39 PM Flag

    Actually given the ups and downs of Lynas over the past two weeks (of which most were downs), the situation for re-financing is a pretty good one. They are offering out $30 million in stock warrants to their current shareholders. That amount is far less than was expected. Given that, the dilution to our shares could have been worse. But, the bigger news is that they were able to renegotiate their debt. You see their cash was being burnt because of production levels/problems at the LAMP. They have fully solved the production issues, and are back on a good footing volume/sales wise. So the last piece of the puzzle was the long term debt. These debt obligation payments were chocking Lynas. They negotiated a full delay in payments until 2016. That gives them 2 years to get up to phase production capacity before they need to start making debt re-payments. SO, we dropped from $.13 to $.11, as I had expected, and now we simply wait and hope that the volume continues to grow. If so, they will have enough operating capital to make the company a success. Hence, my comment that although cautious because it is LYnas (after all), the situation looks good, and I would think they could make the stock move up to $.70 within a year. I am not advocating this opinion to others, only to myself. I offer it to you, in answer to your above written statement. As it appears now, the company will will not go into default, and it will continue to trade, unless bought out.... Good luck Batah...

    Sentiment: Hold

  • Reply to

    Huge News!!

    by dudehowcrazy May 9, 2014 2:28 AM
    bigjay3301 bigjay3301 May 9, 2014 1:51 PM Flag

    Sweet Jesus, not another #$%$ pumper....

  • Reply to

    On Schedule

    by bigalsab May 6, 2014 10:04 AM
    bigjay3301 bigjay3301 May 8, 2014 2:29 AM Flag

    We here in the U.S. should be able to pick up this stock for $.11 cents a share tomorrow (5/8/14). At that price you really have very little to lose, and possibly much to gain now that we know the terms of the recapitalization. The chances are very good that it will make $.20 before it sees $.05 a share. So if you have the cash, and enjoy the action, I would pick up some at this point. That is what I plan to do, but as always DYOD... Good luck to all.

    Sentiment: Buy

  • Reply to

    Great Quarterly Report

    by bigalsab Apr 30, 2014 1:51 PM
    bigjay3301 bigjay3301 May 5, 2014 12:42 PM Flag

    Hows' that prediction of yours working out???

  • Lynas has requested the ASX to remove the halt of trade, and move to a suspension of trade on the ASX. They say they require more time to negotiate a cash infusion deal, expected to dilute shares. They say they need until March 6, 2014 (or before) to achieve this. If they delay past next wed., with no deal, they will face delisting by the exchange and company forfeiture...

  • bigjay3301 bigjay3301 May 1, 2014 3:34 PM Flag

    Note he got $.4319 per share exactly 30 days ago... Share price today = $.1520 per share. How does that make you feel as an investor.... Just sayin...

  • Reply to

    Great Quarterly Report

    by bigalsab Apr 30, 2014 1:51 PM
    bigjay3301 bigjay3301 May 1, 2014 12:43 PM Flag

    You can thumbs down my posts any time. I am just telling the truth. While you are pumping this POS. I love your past post about how the infamous Bigalsab guarantee's the price wont drop ANY FURTHER. TIME TO BUY. And what happened. It dropped, and it was not the time to buy. Your a pumper on this board, and for every thumbs down you give me, proves how blind you are to the company, and how you simply want people to buy so you can make you 1-2 penny's.... Sad really

  • Reply to

    Great Quarterly Report

    by bigalsab Apr 30, 2014 1:51 PM
    bigjay3301 bigjay3301 May 1, 2014 12:38 PM Flag

    Go to Lynas website. Go to investor relations. Go to quarterly report. Go to Q1 Report. It is second of only two reports on the page. Dated ending 3-31-2014

  • Reply to

    Great Quarterly Report

    by bigalsab Apr 30, 2014 1:51 PM
    bigjay3301 bigjay3301 May 1, 2014 12:23 PM Flag

    Rare earths producer Lynas Corporation Limited (ASX: LYC) is down to its last $23 million, having spent $74.3 million in the last quarter, placing the company in a perilous position.

    The big problem for the company is that its production costs far exceed the average price it is currently receiving for its rare earth oxides (REO).

    Lynas says the average selling price rose 5% to US$22.63/kg over the previous quarter, and received $21.9 million in revenues as a result. But operational, production and administration costs alone came to $46.1 million. Add in capital expenditure of around $7 million, debt repayments of $11.3 million, interest expenses of $9.2 million and other small expenses for a total of around $74 million, and you can see that the situation is clearly not sustainable.

    During the last quarter, Lynas produced 1,089 tonnes, up 47% over the prior quarter, with the month of March alone contributing 575 tonnes. The company is targeting an annual production run rate of 11,000 tonnes and expects to meet that goal this quarter. But the company says it needs to produce double that (22,000 tonnes per annum) to get its cash cost down to $14-$15/kg REO.

    And that’s just the cash cost and doesn’t include many other necessary expenses. It’s a bit like a gold miner saying they have cash costs of $600 an ounce, but their all-in-sustaining cost might be as much as $1,100 an ounce.

    With just $23 million left in the bank, and US$440 million in debts, Lynas urgently needs to raise capital to stay in business. The company’s bankers may be wary of providing further financing, which leaves the possibility of Lynas asking shareholders to cough up some cash as a highly likely prospect.

    With shares currently trading at 16.5 cents, the company may have to offer a significantly discounted price to entice investors to part with their hard earned cash. Even that may not be enough to keep the group afloat.

    Sentiment: Hold

  • Reply to

    Great Quarterly Report

    by bigalsab Apr 30, 2014 1:51 PM
    bigjay3301 bigjay3301 May 1, 2014 12:14 PM Flag

    Do you consider that once they report their new financing deal, the stock will automatically be dilutive. I estimate a $.12 print by Friday. Glad you are thrilled by all THE GOOD NEWS...

    The street is looking for them to raise $40MM. Most people think they will go for as much as $60MM. That could take 3-5 cents off a share.

    Sentiment: Hold

  • bigjay3301 bigjay3301 Apr 29, 2014 10:56 PM Flag

    Rare earths producer Lynas Corporation has entered a trading halt ahead of an expected financing deal.
    The group said it was poised to reveal a “proposed financing transaction” and would exit the halt by Friday.
    It is understood that United States-based hedge fund Mt Kellett Capital Management has been considering ways to convert its debt into Lynas equity ($).
    Mt Kellett has been involved in Lynas since January 2012, when it gave Lynas $US225 million ($241 million) to fund the first phase of its Malaysian plant.
    In return, Mt Kellett received $US225 million of Lynas convertible bonds. The bonds pay 2.75 per cent a year and were initially set up to be convertible at $1.25 a share before July 2016.
    But with Lynas shares near a four-year low, it is understood Mt Kellett is investigating whether it could swap the bonds for shares at a lower price using a scheme of arrangement.

    Sentiment: Hold

LYSDY
0.125+0.003(+2.12%)Jul 9 1:38 PMEDT

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