Much of what you say may be true in a few years. When I decide to buy or sell it is based on what will happen in the next few Qs. look at this chart does it look like one that can justify a PE of 32 to you? 2024 revenue and profits are not mine i think they are both high. They are from the average of 14 analysis
https://finance.yahoo.com/quote/LYC.AX/analysis
You and many others were very excited on April 21 when NdPrO jumped over 10 % in one day to about 426 RMB KG WV it is at 405 right now down 5 % yet not a word as it fell. So how have you worked in NdPr prices over next 9 months into your calculations. As it said in the latest SMM forecast this has been a time of increased prices for the last several years so look at this chart and tell me what you think NdPrO will do till December. Yes SP may be a lot higher in a few years. How does it make any sense to sit through a 25 ~ 75% drop waiting for that to happen?
Much of what you say may be true in a few years. When I decide...
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Last
$6.73 |
Change
0.010(0.15%) |
Mkt cap ! $6.290B | |||
| Open | High | Low | Value | Volume |
| $6.67 | $6.80 | $6.66 | $19.11M | 2.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29422 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.74 | 54181 | 4 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$6.73 |
Change
0.010 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $6.68 | $6.80 | $6.67 | 847019 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| LYC (ASX) Chart |