This is my take why it is manipulated
Investors are still unsure if the plant works. So it had its first feed. Whoopee
Take galaxy for example - they had an accident ay their lithium plant and it killed someone. They have closer the plant indefinitely and their share price has slid from 48 to 39
The expense to mine transport and refine the product must be expensive and to finish with a product of 40 dollars an once
Yes they have clients such as the Japanese but the Chinese will do what it can to maintain and manipulate supply to impact lynas for many years to come. This must effect lynas bottom line in time. It only real chance if something happens to the Chinese supply line of rare earths such an explosion at a number of its plants. To be honest to me it appears that the sharks are swirling and this stock will continue to hover around 55c to 63 c . I'm not an expert but if I'm getting bugger all for my units you will eventually be bankrupt because your supporters will soon wear thin.
Suppose to me the first hurdle is does the plant work? We still have another 3 - 5 weeks before this happens. Don't expect any miracles till then
Just buy in the 50s sells in the 60s.
Good luck everyone
This ride will still be rough for a while
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2 | 12357 | 6.790 |
2 | 6000 | 6.780 |
3 | 12113 | 6.770 |
2 | 25312 | 6.760 |
2 | 12498 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 9043 | 4 |
6.820 | 20113 | 5 |
6.830 | 8832 | 1 |
6.840 | 8832 | 1 |
6.850 | 9432 | 2 |
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