LYC 3.47% $6.67 lynas rare earths limited

The market panic today is unjustified in my opinion: Firstly,...

  1. 169 Posts.
    The market panic today is unjustified in my opinion:

    Firstly, the anti-Lynas campaigners will have to convince most of the committee members about their position, which cannot be taken for granted assuming the committee would have a balanced mix of members with differing views and the market expectation of transparency in its deliberations.
    Secondly, nor it can be taken for granted that the government will accept the committee report if it is not fair and balanced, as the government would need to consider the impact of its response on future investment in Malaysia from international community.
    Thirdly, Lynas and its backers always have access to the courts in case the government backs an outcome that is unfairly detrimental to Lynas.

    The headline-triggered dips in share price we are likely to see every now and then over the next few months should prove to be great opportunities in my opinion to load up on our holdings in Lynas with a view to achieve solid gains in the medium to longer terms after the dust settles for good!
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.67
Change
-0.240(3.47%)
Mkt cap ! $6.234B
Open High Low Value Volume
$6.74 $6.77 $6.62 $47.96M 7.165M

Buyers (Bids)

No. Vol. Price($)
5 97163 $6.66
 

Sellers (Offers)

Price($) Vol. No.
$6.67 21971 4
View Market Depth
Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
$6.65
  Change
-0.240 ( 3.73 %)
Open High Low Volume
$6.73 $6.76 $6.62 951065
Last updated 15.59pm 24/05/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.