Seems LYC has been pounded due to overall market and Molycorp down grade.
Somehow need to get LYC recognised and get better communications to get LYC recognised in a class of its own.
At AGM would also be nice for Board to present the official forecast for 2012 LYC earnings based on articulated assumptions: the all clear for LAMP by end 2011 and basket price at say 3 scenarios: current price approx $157/kg; current price discounted by 20% or $125, and current price discounted by 50%or $80 ( as used in some analyst valuations ). This would get some positive news out to stem the panic and get the SP where it should be.
Also is part of good governance to have an earnings target for the Board to achieve as most companies do.
This also has the benfit of making a clear distingtion from Moly in terms of likely short term performance performance.
lyc official earnings target for 2012
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Last
$7.02 |
Change
0.230(3.39%) |
Mkt cap ! $6.561B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $7.05 | $6.72 | $39.03M | 5.604M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11129 | $6.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.03 | 26155 | 5 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |