Hi
There are some fairly logical reasons for that: companies who are on the verge of becoming producers do not have those phenomenal rises which some explorers experience after each new positive drill result.
Also: Lynas have not been forthcoming in making well-timed releases to the sharemarket - there should at least have been some comforting noises made, or a condolence letter sent to Sojitz re the Japan disasters, which could have been an excuse to communicate with shareholders via ASX.
I think the market is also jittery because of the objections raised by Malaysia's Greens re the LAMP; again a brief statement referring people to their plans for protecting the environment (available on Lynas' website) could have allayed fears, and
last but not least everyone was side-tracked by the constant public discussion about the proposed FRG deal - for example: if I came in cold and saw that discussion, I would not have bought LYC.
I guess Lynas' management was also sidetracked, but I believe we are now concentrating on Mt Weld and LAMP. The fundraising could still be a down for the s.p.
Lynas needs better P.R.
Cheers
Taurisk
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Last
$6.06 |
Change
0.020(0.33%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.03 | $6.08 | $5.97 | $17.39M | 2.875M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36085 | $6.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 17440 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 17528 | 6.040 |
4 | 43235 | 6.030 |
4 | 22812 | 6.020 |
2 | 23874 | 6.010 |
5 | 8800 | 6.000 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 12944 | 4 |
6.080 | 4782 | 5 |
6.100 | 3500 | 1 |
6.110 | 14035 | 1 |
6.120 | 1000 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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