Australia's largest stock trading and investment forum Australia's #1 stock forum

LYC

Click for more information

4.14%

$7.04 lynas rare earths limited

Ann: Trading Halt-LYC.AX, page-24

First 24 Last

Share
Profile

Follow
kittyboomboom

3,808 Posts.

576

25/10/16

20:07

Post #: 20115434
Share

Originally posted by Luis Coal ↑

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.

Expand

If I was MtKellet I would want to pump it enough till it's about to get included in the ASX200 then sell like a bandit!
Tried to make the point a few times it was the only way Mt Kellet would see a cent
Care to comment Contrary, Cafa or Janti?
No PHD or fancy titles for me just common sense

LYC Price at posting: 5.3¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

CNB

Carnaby Resources hits copper at Mohawk, QLD

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

There are more pages in this discussion • 2 more messages in this thread...

First 24 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $7.04		Change 0.280(4.14%)		Mkt cap ! $6.580B

Open	High	Low	Value	Volume
$6.66	$7.07	$6.66	$29.97M	4.291M

Buyers (Bids)

No.	Vol.	Price($)
1	35	$7.03

Sellers (Offers)

Price($)	Vol.	No.
$7.05	6000	1

View Market Depth

No.	Vol.	Price($)
1	35	7.030
3	26836	7.010
4	15913	7.000
1	6616	6.990
1	8829	6.980

Price($)	Vol.	No.
7.050	6000	1
7.060	19004	1
7.070	10354	4
7.080	30616	7
7.090	19829	4

Last trade - 16.10pm 09/09/2024 (20 minute delay)

LYC (ASX) Chart