Without question Lindian Management and Shareholders are going thru the horrors with regards to the falling shareprice. Posters keep on asking why there is no interest in the stock and what is causing this to occur. Answers are all based upon speculation because the company is progressing extraordinary well on drilling results, payment of tranches and mine and plant development.
Yes... Institutions and Fund Managers and International Investors appear reluctant to enter the register.
Yes...Day Traders are having a ball.
Yes.... two new LIN directors hold few shares or Nil. WHY?
BUT... Top 20 holders continue to hold
BUT ... number of shareholders have doubled in size ( now 2,400)
Let's look at this year (2023) shareprice performance of other listed companies that fall into the REE category in some manner or another. I will show year high shareprice and current shareprice for comparison purposes.
Hastings ( HAS)................Jan $3.87....Current ...74c
Arafura ( ARU) .................Feb 70c........Current ....20c
Lynas (LYC).......................Jan $9.83.....Current.... $7.05
Peak ( (PEK)......................Apr 67c........ Current.....40c
Aust Rare Earths ( AR3) ..Apr 80c....Current 20c
Victory Metals ( VTM) .....Jul 39c.....Current 21c
MTM Critical M ( MTM)..May 19.5.....Current 2.3c
Encounter (ENR).............Aug 49c....Current 26c
Caspin (CPN) ..................Jan 65c...Current 14c
Cygnus ( CY5)..................Jan 53c...Current 14.5c
Global Lithium ( GL1)... ..Jan $2.41...Current $1.22
Eclispse (EPM).................Jan 2.4c...Current 1.2c
Standout performer
MEI July 26c...Current 24c January low 5 cents. Steady uptrend over 10 months.
CONCLUSION
Nearly all REE stocks are suffering from poor shareprice performance.
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Last
9.9¢ |
Change
-0.006(5.71%) |
Mkt cap ! $115.2M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $225.6K | 2.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51500 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 53634 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 220000 | 0.096 |
4 | 112284 | 0.095 |
1 | 20000 | 0.093 |
1 | 10988 | 0.091 |
2 | 151000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 105000 | 3 |
0.100 | 9338 | 1 |
0.105 | 311000 | 2 |
0.110 | 449979 | 3 |
0.115 | 384156 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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