sabretoothed Posted October 14, 2005 Share Posted October 14, 2005 Could be turning Link to comment Share on other sites More sharing options...
janart14 Posted November 9, 2005 Share Posted November 9, 2005 Hello to all the very patient LYC followers. I have a small piece of research on LYC from Carmichaels that you may find interesting. If you dont mind leaving an email address here or in my PM box I will forward the document to you. Cheers John. Link to comment Share on other sites More sharing options...
janart14 Posted November 15, 2005 Share Posted November 15, 2005 Below is a copy of the Carmichaels research. The original is on a pdf which I cant post here. Chhers John excerpt from DJ Carmichael Daily Bulletin 09 September 2005 Resources Lynas Corporation (LYC) Regulatory Hurdles Cleared, Funding Required Speculative Accumulate Event LYC has cleared the final regulatory hurdle for the Mt. Weld Rare Earth (RE) project development, 35km south of Laverton. A Chinese business licence has been granted for the recently formed Lynas (Shandong) Chemet JV to build the processing plant in China. The JV comprises LYC 90% and a Chinese JV partner 5%, to comply with local regulations. With the feasibility study completed, development is now dependant on securing long-term supply contracts and finalising financing. Discussions to this end are reportedly progressing. Mt Weld resources are 7.7 mt @ 11.9%REO. Proven and probable reserves are 2.08mt @ 15.5%REO, sufficient for 14 years of operation. LYC recently sold its 20% stake in AMR Technologies for $6.6m and it had $13.6m in cash following the sale. Impact Our LYC valuation using a US$4.29/kg basket price, A$/US$ 0f 0.72 and a 15% discounted rate (considering China risk) is A$0.17ps and we recommend Speculative Accumulation at current price levels. Using the 10-year average basket price of US$7.50/kg increases the valuation seven-fold to A$1.15ps. This gives an indication of the valuation leverage to price volatility. With any luck, investors could be getting on board at a bargain price cyclical low. Reports of tougher environmental compliance enforcements in China could be supportive of rare earths prices. That said, we reiterate the requirement to consider funding, development, sovereign and commodity risk. Link to comment Share on other sites More sharing options...
Darren March Posted December 1, 2005 Share Posted December 1, 2005 20Mill+ volume today - well above normal. Any1 aware of info leaks or rumours?? Link to comment Share on other sites More sharing options...
sabretoothed Posted January 12, 2006 Share Posted January 12, 2006 Possible golden cross approaching, 30 day MA going above 200 day MA, could be a breakout approaching? Link to comment Share on other sites More sharing options...
sabretoothed Posted January 12, 2006 Share Posted January 12, 2006 Could have the cross tommorow if we see some action soon? http://www.sharescene.com/html/emoticons/devilsmiley.gif Link to comment Share on other sites More sharing options...
sabretoothed Posted January 12, 2006 Share Posted January 12, 2006 Can history repeat itself again, they need to get this project off the ground though http://www.sharescene.com/html/emoticons/ph34r.gif Link to comment Share on other sites More sharing options...
ridgey Posted January 12, 2006 Share Posted January 12, 2006 In reply to: sabretoothed on Thursday 12/01/06 01:01pm Where's the money coming from for the development of the mine and processing plant tho? I'm watching my holding diminish in value even tho' this looks like an excellent story. Link to comment Share on other sites More sharing options...
sabretoothed Posted January 12, 2006 Share Posted January 12, 2006 In reply to: ridgey on Thursday 12/01/06 03:31pm Something seems to be happening technically. Maybe China? Link to comment Share on other sites More sharing options...
ebissland Posted January 12, 2006 Share Posted January 12, 2006 In reply to: ridgey on Thursday 12/01/06 02:31pm Hi all, My first post so please allow for feminine blondes. Money for development was explained at AGM and bankers were there. Has anyone thought of the connection between LYC and BTX via DM Okeby -- LYC did say they were looking for a partner to help at the mine -- they are mining neighbours! http://www.sharescene.com/html/emoticons/biggrin.gif Link to comment Share on other sites More sharing options...
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