Friday, October 29, 2010

LYNAS CORPORATION - Lower Entry Point Ahead

Lynas Corporation Limited is an Australia-based company. The Company principal activities during the fiscal year ended June 30, 2010 (fiscal 2010), were planning, design and construction of a concentration plant in Western Australia, and a materials processing plant in Malaysia for the production and distribution of Rare Earth Oxides; exploration and development of rare earths deposits, and exploration for other mineral resources. In December 2009, the Company completed an acquisition of rights relating to apatite at Mount Weld. The Company is a registered holder of all relevant tenements controlling all minerals rights within those tenements at Mount Weld. The Company’s subsidiaries include Lynas Malaysia Sdn Bhd, Lynas Services Pty Ltd, Mt Weld Holdings Pty Ltd, Mt Weld Rare Earths Pty Ltd and Mt Weld Mining Pty Ltd. 

The trend is your friend - SIDELINES until trend reverses - opportunity to buy lower:

Company got a pop from the new rare earth metals ETF.  Let it roll over a bit and enter lower.  Look for max entry price of $1.30 - $1.35

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About Me

A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.