Ausheds says "and happens to have one of the best, if not the best, RE resources on the planet.". I know this to be true as a senior employee (many years ago) of a company that owned the REE in Mt Weld. As I knew the depsosit, I put most of my trading cash in LYC and as the price fell, I put more in until I had nothing left. Then I realised that it is a far cry from having the world's best deposit in the ground to actually making a profit becuase there are complicated processing issues, corporate shenanikins and marketing problems all of which contribute to the share price. So (in theory) I lost most of my investment and with that comes a frugal lifestyle. I think, apart from the resource, and the lamp, the best asset LYC has is Amanda. Bottom line is that I am absolutely confident that in the next year or two I will not only recover my investment but I will actually make a profit. Mt Weld is a superb deposit; the lamp is world class; Amanda is a world class CEO. I am so confident now in LYC and just wish I had the resources to buy more shares. Ausheds thank you for your informative, and somtimes abrasive, posts. Please keep them coming.
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