Couldn't agree more and sold the bulk of my holding above $2.60.
All the potential positives are in the market place, and included in JP Morgans update research note which held the Dec 11 target price @ $2.71 and is not likely to change until much closer to production.
Apart from the gap @ $2.40 there are a number of issues that could negatively impact the SP:
Mt Weld concentrator approval LAMP approval/protests LAMP process - all theory at present/no pilot Corporate governance - which has been more than covered here.
For mine the SP has gone overbought today, partially driven by Moly which stacked on $500m based on a $90m purchase???
LYC Price at posting:
$2.59 Sentiment: ST Sell Disclosure: Held
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