A chance but very low IMO - the cat is already out of the bag! LYC was nearly dead, buried and cremated 12 months ago. But despite China's best efforts they could not kill the business - but were clearly killing themselves in the process (both in profit and an environmental sense). Despite being a communist country they do like making money - the more the better - and will not want to see NdPr return to the low $30's again.
Yes we could easily have some fun and games from hedge funds etc but the fundamentals will drive this business now. More than happy to put both my leftie and rightie on the chopping block that we will be anywhere between mid to high 20's by the end of the year. Free cash flow and reduced debt will deliver this - not posts from bullish members on HC (like me).
Cheers
slc4me
Ann: Quarterly Activities Report, page-57
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 6582 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |