Because there's a bunch of companies like that???
Because LYC has to spend its cash to build its mine, and everyone is aware of this, so if you believe it will trade to its cash position and in 12 months their cash position will be half what it is now, it stands to reason the best thing to do is to sell out and await a cash-strapped LYC in 12 months time.
Don't also discount the fact these guys are building a complex metallurgical plant from scratch - there's a wad of technical risk bundled up in here and no one's discussing it in any open way, least of all LYC itself.
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Last
$9.99 |
Change
0.270(2.78%) |
Mkt cap ! $9.345B | |||
| Open | High | Low | Value | Volume |
| $9.75 | $10.15 | $9.71 | $68.77M | 6.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $9.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 15550 | 7 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |