You are very correct I would like to see it fall, I will not disagree. In my defense I saw this as a reasonable offer. I stated I would sell and gave price. Two days later I sold. The only opportunity I have to make more money on Lynas is a failed WES deal. I have no love hate or any other emotion about Lynas. I want to make money! Not long term dreams of fortunes just a decent return at modest risk. Now if WES does not buy them and stock does not fall I will still make good money because I am willing to buy back in at AUD 2.50 or even AUD 4.50 or higher. Right now is a time to sit on sidelines. When the economy picks up and REO prices start to recover I have no problem reinvesting. The price will go to 5 a little slowly then take off for $10 and 15. So if I buy back in at AUD 1.00, or even 4.00 or 5.00 I will not be disappointed because I will beat my average rate of return. Raising My ROR is the only thing that counts I do not care how much I make that is for barroom conversations and I am not one to frequent barrooms.
My advice which I am ok with you rejecting or even spitting on, is the best deal you are likely to get for a while sell and then sit on the sidelines. For record Even if Price falls to 1.00 or lower I will not buy. I will only buy when fundamental changes occur to the WW economy and the users of REE. So you selling and lowering price does nothing for me. My guess is 95% of people on this board ignore me. Of the remaining 5% half will not act so the 2.5% that remain will have no impact on my plans and I am glad to share with them. Second thought it might be as low as .5% that listen, so no impact on me.
Yes lower would make me smile. Never change my investment plans.
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Last
$7.02 |
Change
0.260(3.85%) |
Mkt cap ! $6.505B |
Open | High | Low | Value | Volume |
$6.66 | $7.04 | $6.66 | $12.71M | 1.842M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 5405 | $7.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.02 | 6790 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
59 | 15802 | 7.010 |
30 | 25850 | 7.000 |
21 | 17758 | 6.990 |
17 | 46745 | 6.980 |
15 | 16885 | 6.970 |
Price($) | Vol. | No. |
---|---|---|
7.020 | 6098 | 8 |
7.030 | 25290 | 22 |
7.040 | 41287 | 14 |
7.050 | 16995 | 13 |
7.060 | 93761 | 13 |
Last trade - 15.04pm 09/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |