I bought in last week (speculation) but this morning sold all of them.
when I took a loser look at LYC, in my personal view its P/E ratio gone too high for a mining company (even for a company with good potential). The ultra high PE likely contains speculation that China is going to restrict its rare earth supply.
I think westfarmer's offer $2.2 already factored in a upcoming renewed licence and with provision for clean-up cost or building such facility in WA. these are so obvious that won't be ignored by the bidder.
when a natural resource become a geopolitical topic my instinct tells me it is gambling and it's just so hard to see it through. I did for oil and gold and I lost heaps..
all the best.
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Last
$7.77 |
Change
0.070(0.91%) |
Mkt cap ! $7.262B |
Open | High | Low | Value | Volume |
$7.74 | $7.82 | $7.64 | $15.47M | 1.998M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $7.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.78 | 12886 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 7.720 |
1 | 8169 | 7.710 |
4 | 11418 | 7.700 |
2 | 32365 | 7.690 |
3 | 19798 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 12886 | 3 |
7.790 | 8169 | 1 |
7.800 | 25024 | 4 |
7.820 | 715 | 2 |
7.830 | 12630 | 2 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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