Tag: LYC

Shares in Lynas Corp rose 10% yesterday to a new multi-month high of $2.53 after the company withdrew reserves data given in Tuesday’s investor day presentation.

Trading in Lynas Corporation shares was halted late Tuesday until Thursday morning following a query from the ASX about data released as part of an investor day update presentation yesterday.

Monday’s statement from rare earths group Lynas Corp of an interesting idea for the US has left far more questions unanswered than it has resolved.

ASIC is said to be interested, Wesfarmers keeps moaning, Lynas itself keeps making statement and leaks keep coming from Malaysia – the soap opera goes on.

The tussle for control of rare earths group, Lynas Corp is starting to look a bit soap opera-ish.

A hint of renewed takeover interest stopped an expected sell-off in Lynas Corporation shares yesterday after the rare earths miner and processor released another statement suggesting its major Japanese ‘friends’ were sticking by it.

Shares in rare earths group, Lynas are expected to plunge this morning on the ASX after the Malaysian government revealed on Friday that companies interested in acquiring Lynas have agreed to extract radioactive waste before importing it to the Lynas processing plant in Malaysia.

Shares in rare earths processor, Lynas Corp were smashed, losing more than a quarter of their value at one stage after the Malaysian government said it would impose tough new conditions on its licence to operate in the country.

Shares in rare earths group, Lynas Corporation rose yesterday, despite news that the company is planning a temporary shutdown production at its rare earths plant in Malaysia.

Shares in Lynas sharply rose on Monday morning after investors thought an announcement was good news for the rare earths supplier.

Shares in rare earth group, Lynas Corp yesterday shook off news that the Malaysian would investigate the company’s rare earth processing plant.

Shares in rare earth group, Lynas Corp look sure to come under more pressure after a Malaysian government minister confirmed that it would investigate the company’s rare earth processing plant.

Rare earths miner Lynas (LYC) seems to be looking slightly healthier.

If your are a speculative mining company with an uncertain track record like Lynas Corp (LYC) and you announce a surprise fund raising and more than $36 million in losses, it would be reasonable to expect the shares to drop rather sharply – which they did yesterday.

Signs of life in the shares of rare earth hopeful, Lynas Corporation (LYC), which closed up more than 6% yesterday after it revealed some mildly encouraging news.

Australia’s tax-driven Managed Investment Schemes sector has collapsed with the final big player, Willmott Forests, falling over owing around $120 million to its banks.