Do any of those predicting 14C or 20C in a week even consider the MT K option and what the effect of MtK buying and selling will be? Do the even consider that equity in this company is about 2C a share. they lost money in H1 (0.37C page 10 H1 report) and at best will break even H2 and lose money for the year. That there Debt Equity is 600M /83M = 7.2.
This is the first rise in many years that has good legs, NdPr prices, It should hold and maybe go up more. It is a good investment. But ignoring the negatives and putting out crazy prediction does nothing to help the long term price. Are you supporting your double in one week with buying? If not why not?
Good investing keeps a list of positives and negatives. If anything changes the list is reevaluated and Buy, Hold, Sell decisions are made. The NdPr price change has made me a buyer. Mt K options and bound conversions along with the AU$ 600M due in 3 years makes me very cautious.
LYC Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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