I just looked at the market results and I must admit I was a bit surprised to see Lynas backfill a bit. In light of this, it makes no sense that the conservative CEO of a company would present what I would call a mildly glowing report only to see the share price tank a couple of days later for no apparent reason. Is it a problem with Lynas or are there other factors here?…
IMO, the pullback today will provide TT with a chance to buy back the share he is short but other than that it is the Australian market is overreacting to a pretty significant correction in the US market. To be honest I was wondering when LYC would correct and the fact is that it held up well for the last few days before succumbing to the pressure of the US meltdown is a testament to the strength of Lynas an emerging company with a nascent technology in an industry still being defined…
Bottom line, the story at Lynas remains the same and was reiterated by Amanda a few days ago so other than a good opportunity to buy the dips this correction is nothing more than backfilling and a good opportunity to accumulate some cheap shares…. JMHO…
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Last
$5.92 |
Change
-0.030(0.50%) |
Mkt cap ! $5.533B |
Open | High | Low | Value | Volume |
$5.95 | $5.99 | $5.88 | $20.30M | 3.422M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 186 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.94 | 999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2010 | 6.210 |
1 | 1000 | 6.140 |
1 | 36 | 6.100 |
1 | 2479 | 6.050 |
3 | 3369 | 5.950 |
Price($) | Vol. | No. |
---|---|---|
5.630 | 2601 | 1 |
5.700 | 514 | 1 |
5.780 | 71 | 1 |
5.840 | 700 | 1 |
5.880 | 1647 | 1 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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