Dear HolyGrail,
There are two types of investors.
Category 1: Those investors believe that average price between 21 may and 27 May will be lower than current price at 0.130 (at 8 May 2014) therefore they sold their shares today and yesterday and plan to buy back later at a cheaper price. SELL high and BUY lower later = PROFIT.
Category II: Those investors including me believe that current price at 0.130 is undervalued (lower than book value of equity) therefore we expect that average share price between 21 May and 27 May will be higher than current price at 0.130. BUY low and sell High later = profit.
I believe that current price is driven by panic selling therefore it does not reflect the current Lynas' book value of equity.
Before making decision, I am sure that Lynas board has gone through various scenarios. I guess that the board made decision NOT to set fixed price because they believe that average price of Lynas between 21 May to 27 May will be higher than price before trading halt minus 17.5 discount i.e. 87.5% x 0.165 = 0.136.
In addition, I guess that "something" may happen prior to pricing period (This is only my personal opinion). Please do your own research. I could be WRONG. Who is right or wrong, it is just a matter of time after 27th May 2014.
- Forums
- ASX - By Stock
- LYC
- bears are getting desperate
bears are getting desperate, page-23
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | 6.100 |
5 | 32931 | 6.090 |
6 | 20700 | 6.080 |
9 | 46316 | 6.070 |
3 | 10616 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.150 | 3758 | 2 |
6.160 | 12192 | 1 |
6.170 | 12192 | 1 |
6.180 | 12192 | 1 |
6.190 | 12192 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
LYC (ASX) Chart |