In my humble opinion, it's all about macro. China is sluggish and the rest of the world is only just starting to find its footing again. Give it a few months and the situation will look very different. If anything, low prices presents buying opportunities (IMO). There are clear signs other 'green materials' have turned a corner - we may just be the last in line.
We (LYC) are on stable footing, and building for the future. With repressed prices we have still collected $130m the first two months in this Q (we only need another ~$35m in June to beat UBS predictions). If we are close to $200m for the Q, that is still a run rate of $800m/year, not bad considering the market conditions.
Deciphering Lynas, page-558
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |