Leo - your probably aware that LYC did a 10 to 1 share consolidation late last yr. So LYC at $2.43 today is equivalent to 24.3c a few months ago. It's definitely done well to survive the huge debts it has and cashflow is looking a lot better now.
No i didn't know that. I only started looking at rare earth again yesterday, so I'm very out of the loop. The last time i looked into this area was about 4 years ago and at that time i thought Lynas would die off.
LYC is really the only Rare Earth worth looking at. The rest have been trying to get off the ground for 10+ yrs when the RE prices spiked just prior (or post) the 2008-09 GFC. The separation process/processing plants required of the all the various elements is extremely costly and no other ASX company has been able to find backers/financing.
CNBC: "China’s rare earths exports fell in May amid trade war with the US" Bloomberg: China’s Rare Earth Exports Drop as Prices Jump on Possible Curbs Probably makes Lynas shareholders feel a tad...musical:
You're not wrong there Leo25. A Malaysian Group has been anti-Lynas since they first decided to construct the plant over there. It's been a very vocal group over the years and looks like they still haven't let up with the anti-uranium theme song. I held Lynas in the early years, but decided to dump them. Cheers Markco2
