chihawk's  Instablog

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  • Wager(s) 4 comments
    Feb 20, 2012 10:12 AM

    I bet on a percentage basis Lynas will outperform Great Western Minerals Group from today's close till the close of trade in 2012.
    We will use LYSCF for Lynas and GWGMF provided neither lists. If the LYSDY ADR lists we will switch to that. Likewise if GW lists on a US exchange we will convert fair value to that listing. The bet is not for any value but pride at this point. I would like to suggest if the loser sends the winner a T-Shirt from their town if they lose to increase the fun. Tshirt offer open to all. If there is a takeover of either the wager ends and the winner is decided based on the last trade of the company that disappears. The starting point is:
    Jake (Rare metal Blog) Versus Chihawk
    LYSCF $1.15
    GWGMF $0.44

    Others welcome to take a side as well. Just request to pick a side here or on my INBOX. Names will be edited and attached to this Insta to keep track.

    Also, egg and I, I say Lynas first feed before LCM gets first furnace promised in November and supposedly paid for and waiting on parts from tsunami stricken Japan. For reference it is the tsunami in March 2011 they referred to as the excuse. EGG WINS!!!!!!!!!!!

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Comments (4)
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  • A.Z. Penn
    , contributor
    Comments (22) | Send Message
    Pride or not, what odds or handicap do you envision?


    Lynas will be in production in 1st half of 2012, Mount Weld is the richest and perhaps the largest of rare earth resources, they have partners and solid financing on thanks, no bet!
    2 Feb 2012, 06:27 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
    Chi, watch your get with Aqwert that LYSCF does not go below $1.445 today... Could happen, particularly intraday (if the bet is "at close" it could edge back up again). Either way, it could be close today.


    Congrats to Egg for the furnace win.
    7 Feb 2012, 09:42 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
    Author’s reply » Ya, it looks good for aqwert. I would call intraday a win and be done with it. It was a bad bet. Not because of the result, but rather because the "win" is really just disappointment for too many others.
    7 Feb 2012, 09:51 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
    These wagers were made fair and square and in a sense of fun - I don't think the profit taking is that surprising. The trauma seen in the sector over the past year was very strong, and there are any number of long suffering investors who will take their money off the table as soon as they get even or slightly ahead again.


    Fear is still ruling the world markets, and all stocks operate with that element buried in their charts.
    7 Feb 2012, 09:55 AM Reply Like
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