It seems LYC tests $2.30 and wizzes down again twice now.
if the japanese deal falls over i don't see it as a major as i felt the $250 mill injection which was a mix of loans and share placements will create great value for them. Sure lyc will have a ready market for their product but by the look of the shortfall in supply do they actually need a capital injection or expand off cashflow over the next few years.
A big tick will be the official go ahead in malaysia from the authorities and getting the product to market.
Anyone think the $2.30 resistance will get pushed over in april ?
Is the disaster in japan actually good for lyc given the massive rebuild that require this base metal ?
appreciate your views.
LYC Price at posting:
$2.14 Sentiment: Buy Disclosure: Held
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