ASX Shares Lynas (LYC) share a good buy？

The only big provider of rare earth outside China

 

Consider looking at the companies close to entering or have just entered the ASX300. Then dive into their strategy for growth. Look at market supply/demand. Also check aspects like debt burden ( look at quarterlies ) and capital structure ( look at the Appendix 3B announcements ).

Research reports help with understanding possibilities but read with skepticism.

Be careful if you observe signs of excessive manipulation by bots (one sign is a very high proportion of trades under $250 but other patterns are used). Occurred recently with KDR.

Also pay attention to substantial holder notices. Try to determine strategy of the holder. E.g. UBS very active in shorting Syrah Resources.

You can sort the ASX300 by market cap here.

S&P/ASX 300 - Share Prices & Charts

 

Interesting first post for a Property Forum.

Lynas is a highly volatile share.
They do business in Malaysia which causes a lot of issues. Recently the PM made a comment that they wanted Lynas. Lynas have asked down stream processors to set up in Malaysia. They won't because it is a difficult country to do business.
Rare Earths are not rare. Mineable/treatable deposits are a bit harder to find.
$2.77 today was $3.10 last week

 

That's looking pretty lovely from a technical perspective - I love a new high This was the ideal buying opportunity back in May, but buying on a pull back could work.

I've got no idea about volume etc but on price movement alone, I like it.

 

Some talk of Lynas building a plant in Texas.

Other is Trumps trade/tariffs issues with China. China can just turn the light rare earth supply off to USA and everyone else.
Years ago they were $25 ish since as low as 35c (from memory)

 

If Wesfarmers thought it was a worthwhile investment, maybe?
It’s still risk.
Cyclical
Sovereign risk
Goes against value investing principles

Pass.

 

Cracking insight. Lynas on nobodies radar.

 

US has something to learn from China about securing rare earths | The Strategist

 

Over $7 today

 

Great company, brilliant management, I am now sitting on a 7 digit profit.

 

A complete punters guide to Aussie rare earths stocks - Stockhead

 

How it's gone since the first post in June 2019

 

and now?

 

Closed on 26 July @ $7.16 - now about $10.40. Have traded the last dip so up another $4-500k or so.