I have been in the thick of Lynas's ride having invested 5 years ago $0.5m and watched it VERY closely. Me and many others never doubted the rare earths story and knew it would take time to play out. The Lynas story was a long term investment. What hammed it time after time was the political turmoil, license worries and the fact that there was a big risk the plant may never be allowed to operate. This issue still sits in the background. Do you really think for a moment the opposition would not shut Lynas down if it meant they would gain power? This issue led to "unfavorable?" financing deals, the legacy still being felt with the "dilution" issue. If the plant had been built in Australia Lynas share price would be double.
LYC - expansion, page-6
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Last
$6.53 |
Change
0.185(2.92%) |
Mkt cap ! $6.094B | |||
| Open | High | Low | Value | Volume |
| $6.44 | $6.55 | $6.43 | $8.691M | 1.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 12052 | $6.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.53 | 26823 | 26 |
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| Last trade - 15.58pm 04/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |