Agree, there is a bit to learn here.
I did this partial sell to finance uptake of a different company's offer I did not want to put more cash into and it was a profitable hours work.
But I wanted to put more into LYC, so took the full allocation and pleased to get the extra 50%.
I see Lynas as partly something of a geopolitical hedge, in case of a further severe deterioration of China relationships (which I rate as a 20% chance in a 5 year horizon (ie after the next term of US-presidential politics), so happy to hold on that basis. And support for the Texas project seems to be bi-partisan, but there will be much intrigue as it goes through Pentagon procurment process. A US CO taking a strategic stake would be likely to ease that issue.
Even if my house doesn't burn down I am usually glad to have insurance.
If we eventually make some money from production or get taken over by a Wesfarmers-like entity, the insurance is meanwhile good to have.
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 13019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | 6.040 |
3 | 33497 | 6.030 |
2 | 13952 | 6.020 |
2 | 19430 | 6.010 |
5 | 14538 | 6.000 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 13019 | 2 |
6.090 | 12791 | 3 |
6.100 | 16721 | 2 |
6.110 | 12016 | 2 |
6.120 | 38284 | 9 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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