Paterson are more bullish on this stock. There price target is $2. Now license is granted, production at LAMP could begin as early as October 2012. This is quite a coup; even Lynas optimists had not expected production to begin this quickly. The start of production means the start of cash-flow toward Lynas’s coffers rather than out of them. Production also allows Lynas to take loans if it so needs. Lynas can now claim to be one of the most important players in the rare earth industry outside of China.
As all the sale contracts in place. There is no risk other than a political one. But as licensing came before election means ruling party is very confident of getting elected again. Even if they loose, no apposition can stop lynas as it is international issue. They can not afford it.
patersons price target $2
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Last
$7.78 |
Change
0.180(2.37%) |
Mkt cap ! $7.272B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.92 | $7.41 | $46.84M | 6.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 77676 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |