Jan LYC has proved the classic trap.The "story" was bloody good one,richest mine ,"smart management",essential product that is firing the tech age,state of the art LAMP etc etc etc.Investment banker at the helm.Unfortunately the reality has been anything but. LYC has been overwhelmed by bad decisions ie LAMP building,commissioning delays and international political intrigue.Management have been totally useless ,not forthcoming with market updates,dilution of shareholders,not meeting timelines and ALWAYS rewarding their own lack of performance etc etc etc. The SP has been driven all over the place and the "smart" money has come and gone leaving the bleeding and wounded.Hence where we are today.
Seems many have fallen for the story and having convinced themselves CANNOT believe they are wrong and in their enthusiasm drag the guillible,greedy or desperate in on the HC boileroom .Best of luck at the LYC casino
Jan LYC has proved the classic trap.The "story" was bloody good...
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Last
$8.02 |
Change
0.260(3.35%) |
Mkt cap ! $7.496B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $8.02 | $7.75 | $43.38M | 5.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.02 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |