Investment Forum - Lynas ASX
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raysor, Feb 04 2012, 20:00
raysor, Feb 04 2012, 09:52
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Started by raysor Aug 23 2010, 14:07
Aug 23 2010, 14:07
Last edit: davids355 Aug 24 2010, 13:10
Just reading through the myriads of emails that bombard my inbox daily and my eye caught the following which I have extracted from today's Minesite Newsletter:
"Nearly 100 per cent of the global supply of rare earth elements, high power neodymium Iron boron (NdFeB) magnets and all intermediate magnet materials are controlled by, produced in, or manufactured from materials sourced exclusively out of China. Consequently, all rare earth dependent technologies are completely reliant on Chinese sourced rare earth materials for their production. No technically viable alternatives to these rare earth materials are currently known for these applications.
Without continued export of Chinese rare earth materials, there would be no means to manufacture these technologies outside of China."
Very interesting. If you are interested take a look at the Lynas website :http://www.lynascorp.com/
From the website:
"Mt Weld Rare Earths Oxide (REO) deposit known as the ‘Central Lanthanide Deposit’ (CLD) is without a doubt the world’s richest Rare Earths ore body, capable of supplying up to 20% of the global market for 30 years."
"Nearly 100 per cent of the global supply of rare earth elements, high power neodymium Iron boron (NdFeB) magnets and all intermediate magnet materials are controlled by, produced in, or manufactured from materials sourced exclusively out of China. Consequently, all rare earth dependent technologies are completely reliant on Chinese sourced rare earth materials for their production. No technically viable alternatives to these rare earth materials are currently known for these applications.
Without continued export of Chinese rare earth materials, there would be no means to manufacture these technologies outside of China."
Very interesting. If you are interested take a look at the Lynas website :http://www.lynascorp.com/
From the website:
"Mt Weld Rare Earths Oxide (REO) deposit known as the ‘Central Lanthanide Deposit’ (CLD) is without a doubt the world’s richest Rare Earths ore body, capable of supplying up to 20% of the global market for 30 years."
Last edit: davids355 Aug 24 2010, 13:10
Aug 24 2010, 12:55
Last edit: J08PNB Aug 24 2010, 13:14
Is this one of your "fancied" stocks? The financials don't seem to be very impressive and would appear to be somewhere to bury a few quid and hope and then possibly lose it altogether. Your post has raised a few queries in my mind and will post new query shortly under"Investing in foreign exchanges".
Last edit: J08PNB Aug 24 2010, 13:14
Sep 06 2010, 08:28
lYNAS announces significant increase in the Mineral Resource estimate for the deposit, previously known as the Southern Zone (now Duncan Deposit). Estimate for the deposit has increased threefold to 7.62 m tonnes at a grade of 4.8% REO for a total of 366,000 tonnes REO.
Share price last session was AU$1.24
Share price last session was AU$1.24
Oct 06 2010, 08:42
Last edit: raysor Oct 06 2010, 09:39
Lynas are now showing AUD 1.50 and the Aussie dollar has improved also. I sold a few at 1.33 just to lock in some profit but now got the sticky problem of what to do next. Will probably sell a few more at 1.60 and keep the rest (which probably at zero cost) until they start producing/processing/selling their rare earths. Who knows the stock could be 5 by then!!
Last edit: raysor Oct 06 2010, 09:39
Oct 21 2010, 07:50
So much for selling at 160 ( I didn't). Now 176 and the AUD just under 1.60.
Might as well let it run, and maybe sell a few if it gets anywhere near $2
Its strange, really, the more I read about rare earths the worse it seems for Lynas. OK the Chinese keep cutting back their quotas but apparently 15% or so of the world's rare earths are in USA but the mines have been mothballed as they are not considered economically viable.
Might as well let it run, and maybe sell a few if it gets anywhere near $2
Its strange, really, the more I read about rare earths the worse it seems for Lynas. OK the Chinese keep cutting back their quotas but apparently 15% or so of the world's rare earths are in USA but the mines have been mothballed as they are not considered economically viable.
Nov 24 2010, 08:21
Last edit: davids355 Nov 24 2010, 10:03
Good news for Lynas (shares up 14cents, although they have lost around 35cents over the last 2-3 weeks from a high of nearly AU$21.80)
Lynas earlier on Wednesday confirmed it had signed a "strategic alliance" with Sojitz to supply a minimum 8,500 tonnes of rare earths a year for 10 years.
Lynas also is seeking $250 million in funding to accelerate expansion work at its Mt Weld mine in Australia and a processing plant under construction in Malaysia to double output to 22,000 tonnes a year.
Lynas earlier on Wednesday confirmed it had signed a "strategic alliance" with Sojitz to supply a minimum 8,500 tonnes of rare earths a year for 10 years.
Lynas also is seeking $250 million in funding to accelerate expansion work at its Mt Weld mine in Australia and a processing plant under construction in Malaysia to double output to 22,000 tonnes a year.
Last edit: davids355 Nov 24 2010, 10:03
Apr 12 2011, 08:12
Nice to have a problem of not knowing when to sell!
It is also nice to make money while you are tucked up, asleep in bed!
Lynas hit $2.60 (now $2.55).
As I am in these for next to nothing I would like to hold the bulk of shares remaining when the Malaysian Advanced Material Plant comes on-line late this year.
Japan's Sojitz group has entered into a strategic alliance with Lynas and recently entered into a funding arrangement for AUD325m and bought AUD25m worth of Lynas shares at AUD2.12
(From Lynas website)
"The company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base, with production anticipated to commence in 2011."
Nice to have a problem of not knowing when to sell!
It is also nice to make money while you are tucked up, asleep in bed!
Lynas hit $2.60 (now $2.55).
As I am in these for next to nothing I would like to hold the bulk of shares remaining when the Malaysian Advanced Material Plant comes on-line late this year.
Japan's Sojitz group has entered into a strategic alliance with Lynas and recently entered into a funding arrangement for AUD325m and bought AUD25m worth of Lynas shares at AUD2.12
(From Lynas website)
"The company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base, with production anticipated to commence in 2011."
Jan 26 2012, 11:29
Lynas announced they have raised $225m from a convertible bond (convertible at $1.25). This was in the last couple of days. The loan is not dependent on anything so you would think the Malaysian plant will get the go-ahead. This is due to be authorised by the Malaysian government by the end of the month, but it may not be as simple as a straight yes/no! The problems seem to have been stirred up by the environmentalist lobby and apparently there are eklections in Malaysia this year. But as I say would the loan have been granted if there was any doubt?
Lynas announced they have raised $225m from a convertible bond (convertible at $1.25). This was in the last couple of days. The loan is not dependent on anything so you would think the Malaysian plant will get the go-ahead. This is due to be authorised by the Malaysian government by the end of the month, but it may not be as simple as a straight yes/no! The problems seem to have been stirred up by the environmentalist lobby and apparently there are eklections in Malaysia this year. But as I say would the loan have been granted if there was any doubt?
Feb 02 2012, 14:01
One big hurdle partly jumped: Lynas granted Temporary Operating Licence (TOL) for LAMP by Malaysia's Atomic Energy Licensing Board. TOL is valid for 2 years although there are some conditions, most notably that US$50m to be paid to the Malaysian Government as a financial guarantee.
More important that the opposition doesn't win any general election! Share price jumped from AUD1.34 to AUD1.59
One big hurdle partly jumped: Lynas granted Temporary Operating Licence (TOL) for LAMP by Malaysia's Atomic Energy Licensing Board. TOL is valid for 2 years although there are some conditions, most notably that US$50m to be paid to the Malaysian Government as a financial guarantee.
More important that the opposition doesn't win any general election! Share price jumped from AUD1.34 to AUD1.59