Dear russiancircles,
simple answer: Current share price of Lynas at 0.135 is below its book value of equity with upside potential in the future, (let me repeat it from my post early) a highly sophisticated manufacturing facility in Malaysia (Phases 1 and 2) and a large deposit of rare earth minerals in Western Australia to produce valuable finished products to the world. Lynas is producing rare earth products (sun rise industry) and NOT underwear (sun set industry).
For me, current share price of Lynas at 0.135 is CHEAP. This is my belief and of course, you disagree with you. Your disagreement can not change my belief and vice versa. Do your own research. This is my opinion and belief.
is your glass half empty or half full?, page-8
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |