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
0.015(0.25%) |
Mkt cap ! $5.622B |
Open | High | Low | Value | Volume |
$6.03 | $6.08 | $5.97 | $8.622M | 1.427M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 18748 | $6.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.06 | 24991 | 75 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 20164 | 6.050 |
35 | 50756 | 6.040 |
24 | 33564 | 6.030 |
10 | 17771 | 6.020 |
8 | 86035 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
6.060 | 24422 | 70 |
6.070 | 32769 | 37 |
6.080 | 49336 | 28 |
6.090 | 42478 | 12 |
6.100 | 15721 | 9 |
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