because they are traders and they trade on expected upcoming announcements - for which the next material ones are not clear.. pretty obvious isn't it. The current action is reminding me of Dec - potentially a large share holder selling down. Sounds like a few of the top shareholders in this company like to sell down and try and buy in lower. which is great for shareprice.. not.
i think it is going to be offtakes which provide next material catalyst which at least will be a 'suprise' this time. Fingers crossed. Instos still not really on the register.
Good * article called moneytalks-four-tier-1-rare-earths-projects-primed-to-ride-the-cycles/ - these really are LIN's main competitors and LIN looks like it will win the race to production. Only producer targeting late 2024. Illuka 2025/6, PEK FID late this year (although they missed every other deadline) and first production mid 2025, MEI not even close still PFS - who knows when they will enter production.
LIN
- should win race to be next REE producer
- top tier 1 / high grade resource
- non-radioactive
- low end of cost serve / low capex
Strong fundamentals - just needs a big insto to jump on the register. Market cap is criminal but all the REE companies market caps have been hit on a poor REE macro environment. Lithium also not great, but if the company was this progressed with lithium, we'd be well over 1 bill market cap by now.
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $121.0M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.5¢ | $212.3K | 1.944M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 725733 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 141200 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 725733 | 0.105 |
7 | 685000 | 0.100 |
1 | 9000 | 0.098 |
3 | 370000 | 0.096 |
1 | 400000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 141200 | 3 |
0.115 | 293901 | 6 |
0.120 | 588708 | 11 |
0.125 | 184038 | 3 |
0.130 | 198666 | 4 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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