LYC: rare earth minerals the next big thing

[Gofish.]

ARU jumped 20% today - but I think its U driven, nothing to do with RE's.

[denpal]

Interesting, LYC has pulled back quite a bit since the run up last week, great buying on fundamentals.

They also have the massive REM/Niobium deposit to exploit once the REE is up and running. Got to be a strategic buy medium term.

[cantab]

Yanks buying up yet again

[moe]

wow! u get away from technology for 10 days and look what u come back to. great stuff

[cantab]

Canberra tackles China on space war

AUSTRALIA has demanded that China explain its plans for developing and deploying weapons systems, following the first known satellite-killing test in space in more than 20 years.

For the first time, China's military used a ground-based missile to destroy one of its ageing satellites orbiting about 860 kilometres in space last week - a high-stakes test demonstrating its ability to target regions of space that are home to US spy satellites and space-based anti-missile systems.

The test of anti-satellite technology raised concerns about the vulnerability of satellites from other countries, and a possible arms race in space.

http://www.smh.com.au/news/world/can...095977596.html



The missiles require rare earths and China controls 95% of world production which makes the US military vulnerable.

[cantab]

Signfifcant buying in LYC over the last few days.

[denpal]

Yes I suspect Rare Earths time is coming very soon as the latest investment craze. Cousin ARU has also done extremely well lately, although mainly caused by their upcoming NUPOWER Uranium in-specie spinoff.

Global warming I see will result in a huge shift to electric vehicles topped up from the grid to reduce greenhouse emissions over the next decade: very good news for REE's and Uranium.

The key is having the patience to allow the investment to mature.

[cantab]

Denpal, I have read that the vehicle manufacturers such as Toyota are planning for significant expansions in production of hybrid vehicles. An increasing percentage of people will want to be seen to be doing their bit for the planet.

The major shareholder names say a lot about the prospects of LYC.

[denpal]

quote:Originally posted by cantab

Denpal, I have read that the vehicle manufacturers such as Toyota are planning for significant expansions in production of hybrid vehicles. An increasing percentage of people will want to be seen to be doing their bit for the planet.

The major shareholder names say a lot about the prospects of LYC.

Electric vehicles will end up with better acceleration than petrol ones, lots of torque at low speeds delivered. Actually I think people will really enjoy having electric vehicles, quiet too.

[cantab]

Geez, like these 500,000 and 1m buy bids. Currently a 1m buy order at 64.5c[]

Company says reasonable volume going through in the company's shares over the counter in America.

Lots of significant milestones planned to occur in the March quarter.