As Chemist1959 you are probably used to that: Going up, going down, going nowhere, exploding in your face.... That is the problem with this stock. It is full of surprises and in the past they have mostly been negative.
I doubt that MtK would convert their debt into stock just to sell off gradually. This is just too big a stake (45%) for that kind of strategy especially considering the turnover. My guess is that MtK is there for mid-term until full value is realised or visible (2-3 years) and that this will strengthen the stock. The real issue now is not if QR is on the good or bad side (this is too dependent on current RE price and hence meaningless mid-term), the issue is how JARE is reacting to this and if they also want a share now. And that would then be dilution to a point where we have a big hole in our test tube with all future upside potential gone from current SH to debt holders. Hopefully not.
- Forums
- ASX - By Stock
- Ann: Trading Halt-LYC.AX
As Chemist1959 you are probably used to that: Going up, going...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
LYC (ASX) Chart |