LYC

Lynas Corporation (LYS) was the overall best performing stock taking in a 20.09 percent increase. Among the best performing companies for the past week (week 39 of 2007) on the Australian sharemarket were a mixture of financial services, aviation, metal and mining: Allco Finance (AFG), Babcock & Brown Air (BNB), Fortescue (FMG), Lynas Corporation (LYC), Mt. Gibson Iron (MGX), Murchison Metals (MMX). The majority of the best performing companies were metal & mining companies.

Lynas Group (LYC) was the best performing stock on the Australian sharemarket's ASX200 index this week (Winner of the week for week 39 of 2007). The company gained 22 cents or 20.093 percent in share value during the trading week and closed at $1.29. The Australian dollar closed the week at a strong US$0.8826, gold closed at US$732.30. The Australian All Ordinaries closed at a high of 6580.9 after a strong week and the ASX100 index closed at 6567.8. Besides Lynas Group (LYC), other winners during this strong bullish week were Mt Gibson Iron (+18%, $1.29 close), Murchison Metals (+15%, $5.06 close), ERA (14.5%, $20.09 close).