A bit belated but there was an article written by John Beveridge in Wednesdays edition regarding rare earths & various stocks. I found myself in complete disagreement with him in his first paragraph when he wrote - "Investors in rare earth companies live with the terror that a single statement out of China could change the value of their investments overnight". He then goes on to propose that the situation with zircon & zirconia is different as China is a big importer of those minerals & for that reason a move out of Lynas into Alkane, which has its' zirconia project plus a rich HRE resource, may provide safety if RE prices fall. He has downgraded Lynas to a Hold while Alkane remains a Speculative Buy.
I have noted with interest when checking a comparison chart between the 2 stocks that since July last year they have been running neck & neck, with Alk a little ahead at the moment.
herald sun article
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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
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |