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1.17%

$6.74 lynas rare earths limited

Ann: Becoming a substantial holder, page-15

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ContraryJ

7,621 Posts.

508

17/07/24

04:04

Post #: 74784188
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Originally posted by ContraryJ: ↑

They do research and believe that stock will go down. They have no intent to make it go down. With two years of rapidly declining revenue and earnings the probability is it goes dozen further. 2022 AR EPS AUD 0.60 PG 8 2022 AR 2024 SAR $0.043 X 2 = 0.086 SAR PG 17. So in 1.5 years profits are down 86%. Stock is down about 45% so it looks like SP has to go sown to stay aligned with Profits. With AL comments in Q3 CC about holding back product because of low prices and REE prices going lower. I think there is a very high probability of the shorters being correct.

Lets look at it from the opposite point of view. When you buy a stock do you do it hoping to force up the stock? Or do you buy it because your research indicates it is going up? Then buy it to make profit on that upward momentum. Shorter's intent is no different than yours just they have the opposite view of where the stock is going.

So they do note hope to drive down stock! They just believe it will go down. Just the same as your holding is because you think it is going up. I am sure you are not holding to drive stock up.

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2022 EPS is on page 57. 2024 SAR profits are $0.043 Pg 17

2022 AR EPS AUD 0.60 PG 57,2022 SAR $0.043 X 2 = 0.086 SAR PG 17. In 1.5 years profits are down 86%.

LYC Price at posting: $6.30 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $6.74		Change -0.080(1.17%)		Mkt cap ! $6.300B

Open	High	Low	Value	Volume
$6.83	$6.85	$6.67	$15.08M	2.242M

Buyers (Bids)

No.	Vol.	Price($)
1	70897	$6.74

Sellers (Offers)

Price($)	Vol.	No.
$6.75	3296	2

View Market Depth

No.	Vol.	Price($)
1	70897	6.740
1	297	6.720
3	4155	6.700
1	14985	6.690
5	19981	6.680

Price($)	Vol.	No.
6.750	3296	2
6.790	3000	1
6.830	4565	2
6.880	500	1
6.890	5190	1

Last trade - 16.10pm 17/09/2024 (20 minute delay)

LYC (ASX) Chart