LYC

Discussion in 'Stocks & Derivatives' started by bsides, Aug 23, 2016.

  1. scott_reeve

    scott_reeve Active Member

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    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.
     
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  2. leo25

    leo25 Well-Known Member Silver Stacker

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    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.
     
  3. scott_reeve

    scott_reeve Active Member

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    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.
     
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  4. scott_reeve

    scott_reeve Active Member

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    LYC weekly chart (previous charts in thread above)
    [​IMG]
     
  5. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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  6. leo25

    leo25 Well-Known Member Silver Stacker

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    What's going on with Lynas logo on Google? I would imagine Lynas didn't do this :)


    Screenshot_2020-07-01 ASX LYC - Google Search.png
     
  7. Markco2

    Markco2 Active Member Silver Stacker

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    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
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    This is a thread that keeps on giving, first time I heard of LYC, PLS and GLX 2016

    thank OP
     

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