... Good to see, that AL used the weekend to take countermeasures against the SP decline. Chart looks well orchestrated. 1st reaction after the QR was "the (last?) push" down ... then at the end of the day the white knights appeared as the announcement of new institutionals came in. After the weekend, UBS also supported with their coverage ... everything is fine.
But there will surely be a time again, when government again seeks public, Lynas hides or plays deaf (or is seized to that behaviour, in order to allow deep entries?) and the SP drops again, caused by fear.
Let's see at what level this will happen ... maybe at 325 / 350? Until the actual government is pleased, this dark clould could return anytime - but most likely not too soon, because a review has to be prepared well ... otherwise, the review team will blame themselves.
I for myself enjoy the actual eased pressure, partly caused by filling the informational vacuum, they (Lynas) created by itself.
Time for a break - waiting for the next chapter.
Quarterly report out this Friday., page-32
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Last
$7.24 |
Change
0.100(1.40%) |
Mkt cap ! $6.687B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.27 | $7.12 | $23.95M | 3.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 9809 | $7.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.25 | 10204 | 18 |
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| Last trade - 12.10pm 18/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |