"IMO we are extremely close to the bottom in the RE price cycle."
I'm not sure about this, especially for the basket that Lynas is trying to produce. The current slight price increases, I believe, are brought about by the shortfall in the expected supply following the failure of Lynas to produce. What the prices may be when Lynas and Molly get their act together is open to speculation. Lynas still has to show what the cost of production really is. Certainly it will be higher than previously forcast.
a good time to go short ?, page-70
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |