Clearly Amanda has no idea about investor interest. She may have...

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21/04/21

14:41

Post #: 52623418
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Originally posted by AnneSid: ↑

Extract from an AFR article in which Lynas’ CEO says that this is not the first time the market has behaved the opposite of what she would expect it to.

Amanda Lacaze-led Lynas said China’s ramp-up was a sign the market would continue to grow after it reaped record prices for its rare earth products in the March quarter.

However, the Lynas share price plunged almost 8 per cent to $5.88 by late on Tuesday.

Ms Lacaze refused to speculate on whether the talk of China boosting production so substantially had spooked investors.

”This is not the first time that the market has behaved exactly opposite to the way I would have expected it to behave,” she said.

Lynas, the world’s biggest non-China producer, said demand from its customers had bounced back to match or surpass pre-COVID-19 levels and only shipping delays linked to the blockage of the Suez Canal in March prevented it achieving record quarterly sales revenue.

The company recorded sale revenue of $110 million for the March quarter, down from $119.4 million in the previous three months, on the back of an average selling price of $35.5 a kilogram across all rare earths materials.

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Clearly Amanda has no idea about investor interest. She may have a smile but awful lot of investors here don’t!!!

LYC Price at posting: $5.40 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.40		Change 0.170(2.73%)		Mkt cap ! $5.982B

Open	High	Low	Value	Volume
$6.34	$6.40	$6.28	$12.65M	1.991M

Buyers (Bids)

No.	Vol.	Price($)
2	15037	$6.39

Sellers (Offers)

Price($)	Vol.	No.
$6.40	38814	10

View Market Depth

No.	Vol.	Price($)
1	2000	6.390
3	16036	6.370
6	39595	6.360
5	14851	6.350
2	15313	6.340

Price($)	Vol.	No.
6.400	26206	8
6.410	11347	5
6.420	17845	3
6.430	7845	1
6.440	7845	1

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LYC (ASX) Chart

Clearly Amanda has no idea about investor interest. She may have...

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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Sellers (Offers)

Featured News

Clearly Amanda has no idea about investor interest. She may have...

Top Stories

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

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