Nice chart, mitta.
Very telling.
Now I am not a fundamental analyst, but if you were to cast your eye over to the inner sections of China's manufacturing plants you'd find a lot of Japanese right about now.
In fact, you'd find 30% more Japanese manufacturing is going on in China than this time last year of the super magnets necessary for all sorts of things (laptops, cell phones, electric car batteries).
The main ingredient to super mags is Neodymium oxide, which has rocketed from an av price of $27 a kilogram in 2008 to a street price in China of $217/kg. Elsewhere in the world you can get your neodyox for a cool $370/kg.
So say Yuko Inoue and Julie Gordon in today's IHT, page 16, far right column.
What does LYC hope to do with its rare earths? Sell them to Japanese manufacturers of course, but they are clever little fellows, the Japanese (not clever enough to avoid Cesium leaking into the earth at Fukushima where the situ is worse than ever and morphing into an even grimmer reality by the day, if at all that's possible), which is why they are moving their production to China.
The outsourcing of manufacturing in Japan is something to behold. Notwithstanding this troubling fact, LYC's current share price is not only languishing but TELLING YOU SOMETHING well in advance of all this fundamental information.
Sorry, but I concur with "the mitt".
- Forums
- ASX - By Stock
- LYC
- which way ta
which way ta, page-7
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.77 |
Change
0.070(0.91%) |
Mkt cap ! $7.262B |
Open | High | Low | Value | Volume |
$7.74 | $7.82 | $7.64 | $15.47M | 1.998M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $7.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.78 | 12886 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 7.720 |
1 | 8169 | 7.710 |
4 | 11418 | 7.700 |
2 | 32365 | 7.690 |
3 | 19798 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 12886 | 3 |
7.790 | 8169 | 1 |
7.800 | 25024 | 4 |
7.820 | 715 | 2 |
7.830 | 12630 | 2 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online