Fontenay, I think the whole "hold on for the happy ending" sort of philosophy is good for those who don't trade and who instead invest (hardly a word you hear these days). But that requires utter faith in the management and the market right now.
If you want my opinion, yes LYC will make money from Mt Weld. But whats it worth in NPV terms is anyone's guess, and hence, what you should put in is up for debate.
For those who trade, and that's most people on here using "cash backing" and "in ground value" and ridiculous notions like that, well...I'll call it as I see it.
gone a bit quiet, page-16
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Last
$6.26 |
Change
-0.030(0.48%) |
Mkt cap ! $5.851B | |||
| Open | High | Low | Value | Volume |
| $6.29 | $6.30 | $6.24 | $12.71M | 2.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 13629 | $6.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 9053 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |