Much of what you say may be true in a few years. When I decide to buy or sell it is based on what will happen in the next few Qs. look at this chart does it look like one that can justify a PE of 32 to you? 2024 revenue and profits are not mine i think they are both high. They are from the average of 14 analysis https://finance.yahoo.com/quote/LYC.AX/analysis
You and many others were very excited on April 21 when NdPrO jumped over 10 % in one day to about 426 RMB KG WV it is at 405 right now down 5 % yet not a word as it fell. So how have you worked in NdPr prices over next 9 months into your calculations. As it said in the latest SMM forecast this has been a time of increased prices for the last several years so look at this chart and tell me what you think NdPrO will do till December. Yes SP may be a lot higher in a few years. How does it make any sense to sit through a 25 ~ 75% drop waiting for that to happen?
LYC Price at posting:
$6.90 Sentiment: Sell Disclosure: Not Held
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