I am now starting to think the Lynas rocket needs to be put in the bottom draw for a while yet.
We still have 18m plus warrants @.038 expiring September 2018.
Another 135m plus issued so far this year.
Plus the 340m plus expiring Sept 2020 @ .05
Judging by trading patterns lately whoever bought these shares from MTK are churning them through the system capping SP irrespective of performance of Lynas. They await news and a slight shift in price and then dump.
Any movement upward in SP will in my opinion be capped by these liabilities. Why wouldn't you convert if you are making 50-100% gain then passing shares onto someone else to churn on good news and make further gains? This I think is restricting bigger funds from investing at this point unless they are willing play the game as well.
I am in LT but it pi**es me off to see daily ,the bites and dumps.
Just my thoughts!
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Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 6.840 |
1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.950 | 1000 | 1 |
6.970 | 599 | 1 |
6.980 | 15330 | 3 |
7.000 | 10409 | 3 |
7.010 | 2200 | 1 |
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