Non holders running around like headless chooks but still squawking.
There was good money to be made by astute investors during the last cap raising and I predict things will be as good with this one. A successful cap raising is just about a certainty IMO. This will see the share price back up to around 10c and the options in the money, trading 3c or more. That's 23c/(two shares and one option) for a 16c investment in less than a month, a profit of over 40%.
To be sure there is risk but offsetting that risk is a unique, well defined, high value, ore reserve with an operational, efficient mine and concentrating plant. Add in a state of the art processing plant being operated by a skilled workforce, producing specialty metallic compounds with substantial and increasing demand over the longer term.
Productivity has been increasing quarter on quarter according to published data and my expectation is that this trend will continue into next year.
I expect the share price to be nudging 20c within 6 months and I intend backing up this prediction by investing in my full entitlement.
LYC Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
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