So, I've been holding this stock since 2011, so I believe that I qualify as a "long-termer". All the way down from my initial purchase of $2 (now $20/share) to $1.50 a share (was 15 cents!). The run-up over the past year or so has been fantastic - I am definitely in the black at this stage. I seem to recall predicting a $6/share (or something close) valuation in a post on here and being laughed at. That's cool, but I believe that LYC has a lot further to run - which brings me to my latest pondering.
When will LYC post a dividend to us long suffering shareholders? What needs to happen before that momentous day happens?
I understand that we still have some debt, but I get the feeling that profit will rapidly pay-off this debt. We have a significant amount of accumulated losses ($600+ Million?), but they are spent funds, and can be used by LYC to write-off profits, can it not?
We are funding a new facility in Kalgoorlie, but that appears to be going great - as do many capital infrastructure projects in WA, we do a great job of this sort of thing, so we can bank on that sucker being sorted soon.
We're working on around 18 cents a share in current earnings, with a forecast of around 30+ cents in the near future.
Given that we are in this to make money in a sustainable manner, surely we must be approaching a point where we should be seeing a dividend plan being announced?
NOTE to US contributors. I am aware that US companies don't appear to pay dividends, with most investors making money from trading. This does NOT interest me. I am in LYC to support a company that is going to help save the planet for my kids (and make money, but through dividends), so I don't care for any commentary that reflects "other" jurisdictions. I welcome your input - of course - but don't try and tell me that "your" system is better, because yours is cr@p!
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lynas rare earths limited
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Last
$10.81 |
Change
0.000(0.00%) |
Mkt cap ! $10.11B |
Open | High | Low | Value | Volume |
$10.75 | $10.85 | $10.65 | $32.78M | 3.038M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 184 | $10.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.82 | 1250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 184 | 10.790 |
3 | 2596 | 10.770 |
3 | 5801 | 10.750 |
1 | 46 | 10.740 |
1 | 4925 | 10.730 |
Price($) | Vol. | No. |
---|---|---|
10.820 | 1250 | 1 |
10.830 | 433 | 1 |
10.840 | 184 | 2 |
10.850 | 42779 | 15 |
10.860 | 4875 | 4 |
Last trade - 16.19pm 29/07/2025 (20 minute delay) ? |
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LYC (ASX) Chart |