Sd13
From what I gather from previous announcement summaries, Lynas does not sell on spot price, they have fixed price contracts to ensure sustainable cashflow, to limit the effects of Ree price manipulation. IMHO Drop in Lyc SP has been due to stock price manipulation through combination of algorithmic trading and shorting activity. We already got hammered via this method over 6 yrs ago where we saw the price go from $1 to 8c over a modest time, now I just hope de ja Vue doesn't happen again, again I was not happy about the consolidation as it allowed a mechanism for market manipulators to screw long term holders over again. The situation you have now post consolidation is that it costs a lot more to buy shares and it's a lot harder for the SP to go up so effectively we've shot ourselves in the foot by going down this path IMHO
Ann: Share Consolidation Approved, page-114
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Last
$6.17 |
Change
0.060(0.98%) |
Mkt cap ! $5.804B | |||
| Open | High | Low | Value | Volume |
| $6.16 | $6.29 | $6.14 | $13.80M | 2.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19026 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.56 | 1008 | 1 |
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| Last trade - 15.59pm 14/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |