RE:RE:RE:RE:RE:RE:Mrt before rapid sxYeah, actually pretty much the same here, and we aren't savaged for captal gains tax in a pension plan either, so not much use as an offset there either I guess.
Don't be shy adding Lynas ATM, particularly on any dip next week, number of strong indicators to suggest it is about to be revalued significantly.
Malaysian situation has finally swung from threatening to neutral, and now turned positive in the past few weeks. With the ethnic Chinese DAP polticians removed from Govt appears the Malay's are keen to repair some of the damage done to their RE industry.
Chinese NdPr & NdO prices have moved up strongly past month and accelerated last week, both on underlying demand and talk of State Reserve purchaes. For an indication of what I think Lynas is about to do have a look at a chart of CNRE, code 600111, an overlay would show Lynas tracking with a 2/3 delay.
China now openly talking export restrictions and it is no CV coincidence that volumes YTD are exactly in line with the 2020 export cap that was announced back 2016. No matter how wonderful all the RE dreamboats out there actually are there is only one ROW company that can respond with REO production right now and for several years at least into the future.
Lynas AR due late in the month, chances are it will be brought forward to cleanse the mkt, then we will see a big reveal on expansion plans with financing, incl an ex Asia supply chain into US.
RE space has a distinct 2010 feel about it ATM, but there is only one company that has built a viable business since then, fact.