ive seen that some have put lyc against the like of fortescue metals group to boast in the same success which made many very wealthy individuals but lets be honest and stop kidding ourselvesd- this stock in no way, shape or form is in the same calibre of fortescue metals group-
straight up end of the day sure lynas corporation has a unique asset base and a healthy group of sophisticated institutional investors proving that they are definantly fair value at current levels but the fact is fortescue metals group had an asset which was not in such decline as is rare earths as we have-
the fact that once fortescue shares started its great leap north, many companies changed their focus to look for iron ore to feed the developing nations. What exploration activities followed, proved that their was in fact iron ore out their in many differing continents let alone in differing states of Australia so the commodity was not in fact rare so to speak but more so under explored. The immense lift in exploration activities for iron ore following the fortescue story proved that iron ore was just underneath the surface needing to be unearthed through drilling-
whats different with lynas group- plain and simple. we have a commodity which the world is running very very close to not having soon. the position which lynas corp has is that its a rare commodity which they have unearthed and their drilling to date has proved they have the motherlode and companies let alone countries and continents will be coming to our doors begging to gain exposure to what we have. its very clear to see that jp morgans $1.71 price target is very very conservative and they are obviously not looking towards the upside that phase three ramp ups could prove for lynas corporation. fortunatly, the time is nigh and although the share-price is hovering around the $1.60-$1.8-0 range lately, in years to come i sincerly feel that people will be kicking themselves for not entering a position at todays prices because they were wanting to enter lower and lower. dont be fooled investors, the time is nigh to get on the lyc train for long term gains- dyor as usual but ive made my decision and am not bothered one iota if it falls 5% 10% 15% whatever- the long term viability of this company is incredible just wait for the rush come now- and the best part is we are in the box seat-
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Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $6.683B |
Open | High | Low | Value | Volume |
$7.14 | $7.27 | $7.12 | $40.32M | 5.616M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 9062 | $7.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.16 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8596 | 7.150 |
1 | 12301 | 7.140 |
2 | 40688 | 7.130 |
4 | 22140 | 7.120 |
3 | 12581 | 7.110 |
Price($) | Vol. | No. |
---|---|---|
7.160 | 6000 | 1 |
7.170 | 1000 | 1 |
7.200 | 15533 | 3 |
7.210 | 13341 | 2 |
7.220 | 12301 | 1 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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LYC (ASX) Chart |