There will probably be a flurry of buying round the issuance of the TOL - might take it to about a dollar and then Lynas becomes a factory that has to produce product and generate revenues. We don't get to see what these revenues are until some form of quarterly comes out and then we should see some basis under which to determine a future SP. But immediately post TOL issue will see the SP sink back and then that will be the time to buy. It effectively becomes de-risked of Malaysian politics.
But post TOL issue I think we can expect to see some very good announcements regarding delivery contracts to new parties other than Siemens and these will no doubt stimulate the SP somewhat.
redgum
where do we honestly think the share price be, page-8
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$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
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