LYC 0.87% $8.09 lynas rare earths limited

Amanda will sigh and tell us how hard Lynas management worked to...

  1. 270 Posts.
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    Amanda will sigh and tell us how hard Lynas management worked to bring sales up. We'll be told the Chinese control the market and everyone will chart what happened. Nothing! The stock is where it was last quarter, which was where it was the preceding quarters!

    See if you can see the problem from an investment point of view:
    Shares Market Cap
    General Electric 8.71 Billion 256.31 Billion
    Apple 5.25 B 740.18 B
    BP 19.44 B 114.57 B
    HP 1.69 B 31.08 B
    Rio Tinto 1.38 B 72.46 B
    MCD Mickey D 816.75 M 106.87 B
    Ford 3.90 B 44.44 B
    GM 1.50 B 49.96 B

    LYC 3.62 B 321.77 Million

    The board is not elevating the share price. Ms Conlon is trying but nobody is buying! Why would any main stream investor be interested in the current Lynas? There is no reason. Even the North Korea, US, China situation isn't moving the share price. Put bluntly, the big players couldn't give a damn about Lynas. The Australian brokerage houses are doing their custodial requirements but nothing more.

    One problem is the continual trading of between 0.001 and 0.002 cents a night. This is not worth wasting your time on in the big leagues. How do you tell a true investor to jump in, Lynas is moving nightly by 0ne or two tenths of a cent! Wow! Up, down, up, down - crabbing sideways.

    The stock will move up on Amanda's report then it will start its usual decline. Nothing is there to hold the price up. The last announcement caused the share price to drop because, in my opinion, there was nothing of value in the announcement. Even if Amanda comes out with a ten million dollar gain in profit over last quarter it means almost nothing!

    $10 M/3.62 Billion shares = $0.00276 cents! 2.75 tenths of a cent per share!

    What major investment house is going to "hawk" Lynas based on such a gain? None and there is another part of the problem. The perception of Lynas outside Hot Copper basically is a non-start. Unless Lynas sells itself better to potential customers and to the investment community nothing significant will happen. And charting one-tenth of a cent moves is humorous. (If you make the chart a 30 day chart it looks exciting compared to running Incredible Charts out at 1.5 years where the warts start showing up.)

    So don't tell me to sell which is the usual cry when reality hits and hurts. Help me get these under qualified people we call a board out next November and put in people of international caliber to lift Lynas. The regional capabilities of this board just don't work, figuratively and literally.

    Sigh!
 
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Last
$8.09
Change
0.070(0.87%)
Mkt cap ! $7.561B
Open High Low Value Volume
$8.15 $8.27 $8.08 $35.31M 4.353M

Buyers (Bids)

No. Vol. Price($)
2 7192 $8.08
 

Sellers (Offers)

Price($) Vol. No.
$8.10 4833 2
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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