Project, I agree that RE prices have declined steeply and that is largly reflected in the SP, however following your rationale and assuming China oversuppied the market Crashing FOB China prices, and lynas... Imagine what that would do to their own RE industry it would hurt them immeasurably . It doesn't make sense to do that .
Once production begins with prices volume and revenue rekeaded, the basket price will be shown to be a factor or not.
Imo
basket price, page-9
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |