First, kudos to ausheds for the thread. Great to see research recognized. I mostly read now, but Jan you are a consistently great read mate. Thank you for that.
As for the Phoenix rising from a bankruptcy, we can't ignore the time factor. Bankruptcy takes a good deal of time normally. And this is complex. In fact, Moly's complexity/confussion/disorder is a big reason why I see it as doomed. Moly has a complex list of creditors, international assets around the globe and a green technology political component. There is no quick way to an easy bankruptcy here. And if you break up the company it is not very imposing to me.
Also during a bankruptcy, Lynas gets open field to line up the best supply agreements and perfect their operations while building out the Duncan Deposit. That would be hard to compete against after a bankruptcy. Being the lightest mine after Lynas has established contracts for it's Ce and La is a tough spot to be in.
Bankruptcy clears debt but creates a lot of other business problems. Moly took over Mountain Pass and listed as Moly. And that prior bankruptcy was easier and still took a long time.
- Forums
- ASX - By Stock
- LYC
- kudos jan johnson
kudos jan johnson, page-10
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.80 |
Change
-0.100(1.45%) |
Mkt cap ! $6.356B |
Open | High | Low | Value | Volume |
$6.78 | $6.80 | $6.69 | $13.60M | 2.014M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13933 | $6.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 1389 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5667 | 6.780 |
2 | 6500 | 6.750 |
1 | 3000 | 6.730 |
2 | 3200 | 6.720 |
2 | 4480 | 6.700 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 200 | 1 |
6.820 | 383 | 1 |
6.880 | 5000 | 1 |
6.890 | 1550 | 1 |
6.900 | 23748 | 7 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
LYC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online