LYC 2.89% $5.69 lynas rare earths limited

Congratulation to CEO Amanda Lacaze

  1. 5,436 Posts.
    http://investorintel.com/technology-metals-press/lynas-to-avoid-rare-earths-price-casino/

    November 23, 2015 (Source: Business Spectator) — Australian miner Lynas Corporation said it is striving for price stability in the volatile rare earths market, moving to fixed contracts and other arrangements with a number of customers rather than continuing to “play at the rare earths price casino”……………
    Lynas had struck a number of deals to limit price volatility for its rare earths with fixed price contracts, and was eyeing further agreements, she told the meeting………..
    We are continuing to work with a number of customers who are seeking price predictability up to 2017 – via a variety of pricing mechanisms,” she said……….
    We believe working in partnership with these customers and together focusing on value creation will deliver greater growth for their businesses and for ours, than continuing to play at the rare earths price casino.”………
    Rare earth prices reached a peak in a mid-2011 boom before declining sharply as the global economy slowed. Shares in Lynas have fallen from $2.55 in April 2011 to around 9c currently, with the
    original 92 million shares on issue having been diluted to around 3.5 billion in order to survive as a company.
    “Our objective is to separate our selling price from the volatility of published prices and to create product and pricing options that differentiate us from our competitors,” Ms Lacaze said.
    _______ _______ ________

    Repeating self in different ways  for Amanda  to stress the point that she means business.
    I have heard of similar promises made by previous CEO of Lynas  ,but never seen a contract that disclosed details. How many believed what was said by NC or Eric re Contracts.  I did  .And what was delivered ?
    Repeating self in different ways  to stress the point that she means business.
    I hope that CEO Amanda Lacaze is different and that she can now lead LYC to prosperity for years to come, with or without the mercy of the  Japanese Debtors . It will be good for Lynas  and, good for the REE sector who depend on price of REE improvement.
    BTW. I am now a LYC holder ,  Got myself some freebies .Bought and sold LYC  to cover my expenses.
    My thanks goes to “ausheds “  for his post http://hotcopper.com.au/threads/pr.2612856/?post_id=16150889#.VlRGf9IrKmU
    16150889   that attracted 31TU. The writing was on the wall.
    Don t worry  , I won t be flooding  the forum with my posts. just because I am now a LYC holder.
    There is money to be made here ,if I can improve on my  trading skills .
    Sentiment remains None as i don t want to influence anybody to gamble like i did.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.69
Change
0.160(2.89%)
Mkt cap ! $5.318B
Open High Low Value Volume
$5.51 $5.72 $5.51 $34.50M 6.126M

Buyers (Bids)

No. Vol. Price($)
1 169 $5.66
 

Sellers (Offers)

Price($) Vol. No.
$5.70 11000 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$5.70
  Change
0.160 ( 3.08 %)
Open High Low Volume
$5.55 $5.72 $5.53 1881896
Last updated 15.59pm 29/03/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.