LTL I tend to agree.
When things dont go the way people expect for a while they lose sight of what they actually have.
1. this TOL delay is BAU in Asia. Ive worked in Asia for a Malaysian-Chinese owned company (recently) and see nothing unusual here. Ive seen more urgent things be delayed for months due to politics, face saving and simple control issues (and millions lost due to it) and worked my gameplan out to take these delays into consideration. If people arent aware of the difficulties and differences in investing in Asia, and didnt take these things into consideration when investing into LYC probably shouldnt have. (its not going to be the only delay or bump in the road in the LYC story).
2. LYC is way ahead of their competitors. As you said, years.
3. regardless of REE prices falling/rising (EVERYTHING rises and falls), LYC are one of a small handful of companies able to provide a product anyone in technology needs and almost everyone on earth uses, without even realising. Even if another use isnt found for them (HIGHLY unlikely IMO), the current uses can still be manipulated for use in future technologies. entire elements are not simply going to become redundant.
If you invested with money you needed or couldnt do without for an extended period - your bad.
LYC is still a great buy. Once TOL is issued and the plant is revved up, it is very likely you will never see these prices again.
I think the problem is many people were in to make a quick buck and it hasnt worked out that way for them. That doesnt mean they cant/wont see profit if they are patient.
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LTL I tend to agree. When things dont go the way people expect...
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Price($) | Vol. | No. |
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2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
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6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
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