Kitty 'Having said that i don't think a rush to 16c is out of the question in the next few months although the only thing that can keep it there is LYC turning a profit.'
You may well be right, but consider the options. A cost of 10c, with the option price. At 16c it is a 60% profit. Many will be selling all the way from about 12c for a very quick profit. With almost 500m options out there it may be hard work to get anywhere near 16c, IMO.
Of course a black swan event like nameplate on phase 1 or REE prices jumping, and all bets are off
Best.
just curious, page-44
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Last
$7.78 |
Change
0.180(2.37%) |
Mkt cap ! $7.272B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.92 | $7.41 | $46.84M | 6.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 77676 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |