I really doubt that this would affect the price much, if any. Lynas has more than enough REEs between its own Duncan deposit, and NTUs heavy REEs. And of course - con't forget the Crown deposit, which could still be a jewel in the crown, so to speak.
Malawi is highly exploratory and speculative, and a LONG long way from being a producing REE field, as I understand it. It is very much secondary to the company's endeavours.
I doubt that the market will take much notice of this announcement, when all eyes are focused on the PSC report tomorrow, and the next few days.
And as for plummets of 15-20% - I think somebody is playing silly buggers or being highly sarcastic.
announcement - malawi update, page-8
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Last
$7.34 |
Change
-0.260(3.42%) |
Mkt cap ! $6.860B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.56 | $7.30 | $32.37M | 4.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84497 | $7.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 23514 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |