I don't think that is too likely. Lynas has shed 25% of its value on a couple of occasions from its highs in the last year, though admittedly not as quicky as this time.
Maybe we will get down to $2.20 which we were at in March not that long ago. But $2 is a long way down, even from here.
Around this time in a couple of months we will be discussing the possibilities of what cash flow was generated in the June Q and what cash sweep will be going to JARE and I think we will be pushing back to $3 with this lull in sentiment behind us.
Ann: Share Price Update, page-34
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$7.78 |
Change
0.180(2.37%) |
Mkt cap ! $7.272B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.92 | $7.41 | $46.84M | 6.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $7.75 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 77676 | 2 |
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