I have been considering what to do about the Retail Entitlement Offer that Lynas has sent to me and I must say, I am less than enthused about putting more money into this stock, considering I already have a substantial holding. There is very little potential upside in this stock, in the near term and it still looks like another 3 years of hard slog before there is some clear air for this company to grow. Unless the Malaysian Government change their laws and until the yellow peril stop putting a lid on REE prices, this stock will remain hamstrung by external influences.
Looking at the downward drift at the ASX SP, one could just as likely pick these shares up at a lower price than that in the REO.
Just IMO.
Entitlement Offer
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Last
$6.86 |
Change
0.200(3.00%) |
Mkt cap ! $6.412B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.90 | $6.72 | $35.19M | 5.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1605 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 65562 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.86 |
Change
0.200 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| $6.72 | $6.90 | $6.72 | 1399403 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LYC (ASX) Chart |