In my opinion it is all coming down to politics.
If the court after all deliberations, makes a decision in favour of Lynas,it will be very hard for the opposition and protesters to argue that due process was not followed in a democratic way.
Don't forget elections are looming,despite what investors are thinking and the frustration we experience,the government interest is to get Lynas operating without any political backlash.
Once the final court decision after this lengty process, is made in favour of Lynas it will be almost impossible for the opposition to attack the government and turn the clock back if they get in power.
No doubt until the court decision,Lynas share price will fluctuate which will suite shorters and short term traders but I am still optimistic for the long term.
Very rarely a war is won in one day,most of them last longer than expected.In the end we will be rewarded for our patience and determination if not courage.
Do you own research.
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Open | High | Low | Value | Volume |
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2 | 5750 | 7.510 |
2 | 500 | 7.500 |
1 | 1000 | 7.480 |
1 | 133 | 7.470 |
Price($) | Vol. | No. |
---|---|---|
7.620 | 500 | 1 |
7.630 | 750 | 1 |
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