at 11c a share, LYC has been priced to fail. it would seem that LYC has secured a new funding arrangement, and will avoid total collapse. so on the face of it, i see the share price rising.
basically everyone who has been on this forum shouting about receivership and operating while insolvent etc, have been wrong. i hope no one took their comments as financial advice.
what happened last time the share price was 11c? it double in the space of about 2 months. importantly, we havent broken down from the 11c level this time, so we've got a double bottom in.
i can only see the share price rising on any announcement which keeps the company alive. even if the funding deal isnt great, it keeps the company in the game and thats all that really matters at the moment. only an outrageously bad deal will see the stock fall from here, imo.
Ann: Trading Halt, page-86
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |