Isn't this Lynas main income earner:-
Chinese neodymium fell from $49,237.98 per mt to $40,234.03, a precipitous of drop of 18.3%. Chinese lanthanum oxide fell from $1,828.84 per mt in December to $1,796.71 per mt this month, a fall of 1.8%.
source:-
http://www.metal.com/newscontent/84...-low-as-molycorp-agrees-to-bankruptcy-auction
Based on current trading performance Lynas has no chance of repaying its massive US$430M debt
... and the fall of 18% of it's main income earner Neodymium is just another nail in the coffin imo. Wait till that feeds through to the quarterly trading results.
I rate Lynas a short sell from here !
Neodymium falls 18% in December
Add LYC (ASX) to my watchlist
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Last
$6.52 |
Change
-0.040(0.61%) |
Mkt cap ! $6.099B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.61 | $6.50 | $7.423M | 1.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 24336 | $6.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.52 | 7929 | 15 |
View Market Depth
| Last trade - 14.45pm 06/05/2024 (20 minute delay) ? |
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Last
$6.54 |
Change
-0.040 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.61 | $6.50 | 462607 | ||
| Last updated 15.06pm 06/05/2024 ? | |||||
| LYC (ASX) Chart |