Imho - The reality is the LYNAS was never going to be profitable at this stage of their ramp up. The sad thing is that they no longer have the "good will" or "financial resources" to continue the ramp up indefinitely due to this occurring 2 years too late.
IMO They have lost their way and run aground on the debt shoals and the good ship LYNAS seem to be going down rapidly. The captain and officers have taken to the life boats and they will be ok but the rest better learn to breath under water......
jokes apart - my theory, page-39
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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 |