I just posted this on NTU but it really does show the interrelationship between LYC and NTU. Their futures are tied even if you don't see it.
I see the space between the dots people.
".........Maybe. I sold a little bit today so hedge. Some nice gain for me as I was in again recently at 12/13c. Think I mentioned. Keeping some going for a lil' biut longer and took the profit and chucked some in to reserves for Lynas top up at 15c.
Hard to know if a smart move but maybe ?
I'm thinking Lynas sold their stake so they could make the Chinese happy to buy in to NTU and that way the Chinese can get NTU heavy rare earths and give Lynas a break to claw back their price. I think Lynas might have done the stake reduction here to help themselves and not just to get some extra $$$........."
MTAOO
ILT
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