Risks include:
Court case tomorrow. I dont think SMSL will get a stay but it is still a big risk.
With any new plant there are always teething issues. Considering LYC product is a rare earths I would expect more complicated teething issues than a more common resource such as oil. Thats a risk.
REE pricing has been volatile thats a risk.
Lynas management have been slow to deliver on promises in the past am I to trust their guidance on what they can deliver? Thats a risk.
All risks which is why the share price is where it is. I think fair value is around the 77c mark. So its probably a little cheap at the moment
But who knows maybe im wrong and the share price is 60c because of a secret join conspiracy between the Chinese and institutions to swindle aussie mums and dads out of their measly $20 000 holdings.
remember we are producing, page-13
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |