Lol. CJ's $1.50 target rides again. But we all know the lemming he's mounted isn't even in the game.
Whatever happens re the US DOD tender, there's little if any downside for LYC in my opinion.
Had LYC repriced at the announcement, maybe there would be a reversal, but it didn't. Basically SP has remained right where it has been for months. I consider the tender award good news for those who get it, good news for the REE industry downstream. I don't see investors giving up over a few million for Blue Line. Good chance LYC rises regardless.
More speculative stocks that soared on announcement e.g TMRC are on a different adventure with 50% one-day move up or down expected day of. Got to have a ticket.
Ann: Quarterly Activities Report, page-22
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Last
$6.33 |
Change
0.195(3.18%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.33 | $6.20 | $3.426M | 547.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6622 | $6.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.33 | 30345 | 20 |
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| Last trade - 11.08am 03/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |