Shares in Lynas Rare Earths spiked after MP signed a deal with the Pentagon, but is it really such good news for Australia’s rare earths pioneer?

A leading expert delivers his verdict on the outlook for Lynas shares. The post Up 29% in a year, are Lynas shares still a good buy today? appeared first on The Motley Fool Australia.

Lynas, the world's largest producer of rare earths outside China, posted third-quarter gross sales revenue of A$123 million ($78.62 million), missing Visible Alpha consensus of A$155.7 million.

Lynas Rare Earths is the leading ex-China REE producer that is profitable. Over the past 30 months, LYSDY has invested nearly $1.5 billion to expand its capacity using funds from internal revenues, the US government, and a Japanese equity partner.

Jamie Spencer was incredibly positive aboard 22-1 shot Point Lynas from the off, breaking smartly and building up a sizeable advantage that he maintained until the turn for home but couldnt repel the

Never So Brave charged home to catch leader Point Lynas and take the Group 2 Cornish Orchards Summer Mile Stakes at Ascot. It is a first Group race success for the four-year-old who was upped in grade after an easy success in the Buckingham Palace Stakes at Royal Ascot last month.

Never So Brave ran down the long-time leader Point Lynas to win the Cornish Orchards Summer Mile Stakes at Ascot.