I have held a large parcel of LYC in my long term investment portfolio, largely free carry.
For better or worse, over the last 3 year my transactions have been on my trading account as the stock has presented a string of beautiful sine waves up 15%+ then down 15%+, lock in a strong rangebound price band.
Having sold a month ago in the high $6/low $7 with purchases a month or so before that in the high $5 area, it looks to me like a rinse and repeat.
I don't want any investors to lose money, but I sense a period of price weakness again and will buy over the course of this trough on the trading account.
I retain my long holding all the way through as over the medium term, I expect NdPr prices to recover and am not lost to the potential of corporate action, though it is not the basis of my hold.
As a 40 year commodity investor, sometimes reward demands 5-8 years of patience, just as we have seen in the U3O8 space.
GLTASH
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Last
$6.05 |
Change
-0.010(0.17%) |
Mkt cap ! $5.655B |
Open | High | Low | Value | Volume |
$6.00 | $6.10 | $5.97 | $26.46M | 4.378M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 849 | $6.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 10260 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 849 | 6.050 |
2 | 33039 | 6.040 |
3 | 18377 | 6.030 |
3 | 9542 | 6.020 |
1 | 249 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 10260 | 1 |
6.080 | 3803 | 1 |
6.090 | 3000 | 1 |
6.100 | 26732 | 8 |
6.110 | 15353 | 2 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |