Sound s like plausible logic.
Plus, I will always ask a question. Why LYC initiated a merger? (although I do not have an answer, but considering it as to mitigate some perceived future risk). I would think what is that risk?
Here is what highlight the opportunity of a larger resource, well located resource (ARR), at a competitive cost (also assuming it would under cut MP, LYC and match China)
Apologies, if my thoughts have huge hole due to my limited understanding/data. Happy to think otherwise and appreciate your thoughts.
I will not be surprised by the Australian market behaviour, at the least in this case. My observation is that, this market has less investors compared to the number of available good opportunities, so what may be happening is, something like, the floating traders go from one (few) stock to another stock and, resulting in highly exaggerated high and low SP, huge room for manipulators to deliver their tactics effectively. Good thing is we have 2 markets to compare, slowly when more investors come in, it should even out, we are safe as far as the fundamentals are strong.
GLTAH, hope we keep going and progressing to next steps.
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25.0¢ |
Change
-0.030(10.7%) |
Mkt cap ! $123.6M |
Open | High | Low | Value | Volume |
26.5¢ | 27.5¢ | 25.0¢ | $196.4K | 756.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 666037 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 27500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 604980 | 0.250 |
2 | 153836 | 0.245 |
6 | 229920 | 0.240 |
6 | 185769 | 0.235 |
9 | 39123 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 7500 | 1 |
0.265 | 26100 | 1 |
0.270 | 50000 | 1 |
0.275 | 52500 | 2 |
0.280 | 91146 | 6 |
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