I cannot really explain why this stock is flat, despite the extremely positive news concerning the rare earth market and price. As stated in the NC interview, production issues are about to be fixed and they are gradually ramping up. With the plant running faster and the RE prices going up, production as well as revenues can only increase from now on. Meanwhile, debt facilities have been extended and LYC finance looks in order for the time being.
SP simply cheap compared to potential/risks of the business. I am out of cash..
Is there something I am missing?
http://online.wsj.com/article/SB10001424052702304713704579094683552823954.html
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Last
$7.80 |
Change
-0.090(1.14%) |
Mkt cap ! $7.290B |
Open | High | Low | Value | Volume |
$7.85 | $7.94 | $7.77 | $14.33M | 1.828M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5039 | $7.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.81 | 6633 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5035 | 8.190 |
1 | 1022 | 8.100 |
1 | 2572 | 8.090 |
1 | 777 | 7.990 |
1 | 2514 | 7.930 |
Price($) | Vol. | No. |
---|---|---|
6.240 | 5695 | 2 |
7.410 | 1390 | 5 |
7.420 | 9171 | 1 |
7.500 | 1449 | 1 |
7.510 | 476 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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LYC (ASX) Chart |