Initial Market reaction is positive considering cash position has reduced. Licence constraints together with regulatory board final deposit are in line with expectations. Improved price per kg is an unexpected positive given subdued market conditions. This is pleasing confirmation of Lynas's long term relationships with customers.
International diversification of production is long term positive but in house financing will continue to adversely affect the bottom line.
Approval of the US Blueline JV will bring a welcome boost to the SP in my opinion. When/if that approval arrives is an unknown quantity. Will make for interesting trading.
Ann: Quarterly Activities Report, page-14
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Last
$6.80 |
Change
-0.100(1.45%) |
Mkt cap ! $6.356B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.80 | $6.69 | $13.60M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13933 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 1389 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |