I would say there are many long term SH with big capital gains rebalancing their portfolios.
The story of REE and LYC story hasn't fundamentally changed, it will still double within 24 months.
Basic supply and demand..... even if REE is only used for cars, the sheer number of major brands committing to EV means more magnets... don't need reasearch to understand demand. As for China expansion or Juniors flooding the market is just noise, even if all the juniors comes on line, China quadrupples supple and LYC can be bothered to mine at 100%..... There is more demand than supply.
What has changed is my sentiment on LYC until yesterday I was considering adding fresh funds, but at the moment I am researching juniors that are capitalised and at a cusp of production.
Out of five juniors trading at 5c to 40c
- at least one is likely to four to twenty X in 24 months,
- some just prod along
- one or two of course can flop
With odds like that putting $10,000 in each might be a better bet for me.
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I would say there are many long term SH with big capital gains...
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Last
$6.15 |
Change
0.100(1.65%) |
Mkt cap ! $5.748B |
Open | High | Low | Value | Volume |
$6.18 | $6.37 | $6.08 | $26.63M | 4.279M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 17840 | $6.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.17 | 8880 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7504 | 6.130 |
2 | 10084 | 6.070 |
3 | 7665 | 6.050 |
1 | 165 | 6.040 |
1 | 155 | 6.030 |
Price($) | Vol. | No. |
---|---|---|
6.170 | 8880 | 1 |
6.240 | 500 | 1 |
6.250 | 125 | 1 |
6.290 | 4000 | 1 |
6.300 | 24601 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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