A few points I would like to make :
1. You don't heat up a kiln if you don't intend to use it in the next few months. Power bills aren't cheap.
2. With Phase 1 in full production, Lynas is now fundamentally de-risked. Basic analysis shows a solid support at 50c based on phase 1 alone.
3. Rare earth prices can't go much lower.
Seems to me that buying at current share-prices is very good from a risk/reward perspective.
News: Lynas to cut costs , page-37
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.70 |
Change
0.130(1.72%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.62 | $7.70 | $7.52 | $35.79M | 4.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12728 | $7.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 33134 | 4 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |