what does everyone expect to happen... honestly? Rare Earth prices have hit significant low levels and lynas had teething issues (which are expected on start ups like this)which caused a delay in ramping up to stage 1 production.. The SP has no reason to move until significant news comes out...
look towards next year guys, this year is done for LYC.. No Christmas present this year...
next year, they will be producing 11,000... will happen in first half for sure... and final customers to approve product and sign off... Further drive from RE pries based on Chinese continuous crackdown on illegal mining and supply restrictions... Demand is forecast to pick a bit according to industry reports for 2014 2nd half...
Then 2015 should see phase 2 activated... But LYC will get there but not like everyone thought.. No Rockets im afraid..
*THere is always surprises though, good and bad.... but if above happens it will be fine for a SP drive next year...
and still it goes on..., page-9
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |