Much of what you say may be true in a few years. When I decide to buy or sell it is based on what will happen in the next few Qs. look at this chart does it look like one that can justify a PE of 32 to you? 2024 revenue and profits are not mine i think they are both high. They are from the average of 14 analysis
https://finance.yahoo.com/quote/LYC.AX/analysis
You and many others were very excited on April 21 when NdPrO jumped over 10 % in one day to about 426 RMB KG WV it is at 405 right now down 5 % yet not a word as it fell. So how have you worked in NdPr prices over next 9 months into your calculations. As it said in the latest SMM forecast this has been a time of increased prices for the last several years so look at this chart and tell me what you think NdPrO will do till December. Yes SP may be a lot higher in a few years. How does it make any sense to sit through a 25 ~ 75% drop waiting for that to happen?
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Last
$5.98 |
Change
-0.080(1.32%) |
Mkt cap ! $5.589B |
Open | High | Low | Value | Volume |
$5.97 | $6.02 | $5.90 | $19.37M | 3.252M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 116965 | $5.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.99 | 179 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 89637 | 5.970 |
2 | 42046 | 5.960 |
4 | 40648 | 5.950 |
6 | 75030 | 5.940 |
3 | 1010 | 5.930 |
Price($) | Vol. | No. |
---|---|---|
5.990 | 179 | 1 |
6.000 | 9926 | 2 |
6.010 | 22926 | 4 |
6.020 | 18668 | 3 |
6.030 | 18668 | 2 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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