It is really sad that things have come to this for LYC. I know investors are not looking for sympathy but it's hard not to feel bad when all the fundamentals where there but an amalgamation of negativity has flowed through the stock.
From idiot tree huggers to political gamers and falls in rare earth prices. While prices have come back, the margins are still quite good and the value LYC is well north of current levels judging by company reports. Morgan Stanleys downgrade was not to sell it was neutral, and it wouldnt surprise me if buying at these levels or lower was being considered.
Management really should pull a finger out, while I'm skeptical about bot theories and shorts, if management came out and gave some reasons for confidence I believe the stock will reverse.
Personally I'm concerned from the panic surrounding the stock, I don't think the boat has been rocked enough to through the weaker holders over board yet.
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called lynas, page-43
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Last
$7.04 |
Change
0.000(0.00%) |
Mkt cap ! $6.580B |
Open | High | Low | Value | Volume |
$7.12 | $7.27 | $7.04 | $30.56M | 4.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35 | $7.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.06 | 5575 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35 | 7.030 |
3 | 27854 | 7.020 |
4 | 21759 | 7.010 |
2 | 11978 | 7.000 |
1 | 11836 | 6.990 |
Price($) | Vol. | No. |
---|---|---|
7.060 | 5575 | 1 |
7.100 | 11836 | 1 |
7.110 | 12811 | 2 |
7.120 | 12186 | 2 |
7.130 | 11836 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |