I'm thinking buyers are just delaying as long as possible. As the next ANN approaches and the buy volumes pick up next week.... I'm also expecting 70 cents +.
After the failed protest which embarrassed the opposition in Malaysia I also feel they will find another method to put pressure on the govt and let go of the lynas issue(as it is no longer a hot point).
I'm thinking that around Easter we should be around a $1.00 as LYC will be a producing entity with sales and contracts in place.
If the existing government wins the election- which is again expected, followed by a profit forecast - then all our ducks will be in a row, expect a massive rally.
Yes it all sounds optimistic, but if I didn't believe it was going to happen I wouldn't have bought the stock.
will lyc back to under 60c ?, page-12
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Last
$7.98 |
Change
0.075(0.95%) |
Mkt cap ! $7.468B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.09 | $7.91 | $12.82M | 1.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2042 | $7.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.98 | 12087 | 17 |
View Market Depth
| Last trade - 13.24pm 07/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |