hi guys I sold at 9 cents and after the qr and share price went to 10 then started reversal. I think the problem with lynas is that while Amanda has done a great job pulling it back together. it still has a lot of debt and with current cashflow wont be able to pay it off... what we need is for some of these serious talks lynas is apparently having with potential buyers to materialise into large and long term contracts .. I mean even one or two big contracts would make the world of difference and boost investors confidence and that coupled with rising rare earth prices is when the share price should rise considerably . it really does have massive potential if these happen ........im going to try get back in at mid sixes good luck to all
Just one mugs opinion dyor
re entry point?
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $5.683B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.16 | $6.07 | $11.54M | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17261 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 10576 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |