LYC 0.80% $6.30 lynas rare earths limited

financial review post, page-11

  1. 2,306 Posts.
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    Agreed some posts have been biased for LYC, but putting these aside & looking at what is to be achieved then it's pretty straight forward. Full approval = processing of in demand commodities in a safe way, sales orders taken for the foreseeable future, relatively competent management ( compared to many many ASX co's), supply of raw material is not reliant on a third party. Where is the downside? Compare it to heaps of ASX companies & it is one of a very few upstarts that are ready to dig it up, process and sell at decent prices. Look at daily traded totals and ASX published daily totals of shorted stock as a % ( not total shares on issue but daily traded) and is quite a decent chunk of the total. Shorters watch out for the backspin on LYC yo-yo it is going to smack you in the eye if your not careful.
 
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Last
$6.30
Change
0.050(0.80%)
Mkt cap ! $5.888B
Open High Low Value Volume
$6.25 $6.37 $6.18 $15.59M 2.482M

Buyers (Bids)

No. Vol. Price($)
2 45099 $6.29
 

Sellers (Offers)

Price($) Vol. No.
$6.31 9075 1
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
LYC (ASX) Chart
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