Shares of Lynas Corporation Limited (ASX: LYC) have continued their slide today, trading 3.8% lower at 5.1 cents per share.
The rare earths miner has had an extremely difficult run, plagued by declining rare earths prices and diminishing cash flows. While it showed signs of strength during the December quarter, management warned that was unlikely to last in the March quarter which could see it struggle to repay its debts and continue as a going concern.
Source: Yahoo! Finance
With uncertainty regarding Chinese government policy weighing on rare earths prices, Lynas Corporation's shares have plummeted 98% since 2011 where they maxed out at $2.70, while they have fallen 84% over the last 12 months. Needless to say, Lynas Corporation remains a speculative bet and one that should be avoided by long-term Foolish investors.
