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
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B |
Open | High | Low | Value | Volume |
$7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4481 | $7.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.78 | 14225 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 285 | 7.750 |
1 | 27 | 7.690 |
1 | 401 | 7.650 |
1 | 3000 | 7.610 |
1 | 131 | 7.600 |
Price($) | Vol. | No. |
---|---|---|
7.800 | 10000 | 1 |
7.820 | 2833 | 2 |
7.850 | 25000 | 1 |
7.860 | 190 | 1 |
7.890 | 1650 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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