Hi Eltski. The "risk" of a downturn is not a "risk" its a certainty. The mining industry is cyclical by its very nature so a downturn will come the only question is when.
Last downturn came at the end of the iron ore boom and Lycopodium went cash flow negative it was savage. Gold prices don't swing as much as iron ore I am hoping Lycos is more stable now.
But I dont think you should try and time it based on sentiment. I have seen a few downturns now. Nobody sees them coming and sentiment is not a guide. Just assume it will happen one day and take that into account in your decision making.
Hi Eltski. The "risk" of a downturn is not a "risk" its a...
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Last
$11.36 |
Change
-0.080(0.70%) |
Mkt cap ! $451.4M | |||
| Open | High | Low | Value | Volume |
| $11.42 | $11.44 | $11.23 | $490.3K | 43.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $11.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.36 | 5 | 1 |
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| LYL (ASX) Chart |