Jason, for whatever it's worth I think you're right. We may see some strengthening over the next few months as it appears very undervalued ATM to anyone who considers it a viable business. However it's hard to see any significant move until there is some clarity in the industry, both from a demand & supply perspective. There is even considerable variance amongst the "expert" commentators re the various demand segment at present, no one is really even venturing an opinion on the WTO decision and the supply space is still incredibly crowded, with continuous lite weight spruiking commentary like the two posted here this morning.
On top of that the broader industrial minerals sector is weak. Hopefully the current strength in IO is an indicator of a normal cycle and by the time it rolls around to secondary minerals the RE space will have its act sorted out.
After frustrating delays Lynas just might have its timing right this time, ramping thru 2014 into consistent demand, while investment markets finally sort the handful of winners from the dross in the RE space. Long drawn out exercise.
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $6.346B |
Open | High | Low | Value | Volume |
$6.84 | $6.88 | $6.78 | $12.19M | 1.789M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5667 | $6.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 6940 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5667 | 6.780 |
3 | 19283 | 6.770 |
1 | 8083 | 6.760 |
2 | 9083 | 6.750 |
1 | 8083 | 6.740 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 3996 | 3 |
6.820 | 13083 | 3 |
6.830 | 8083 | 1 |
6.840 | 8083 | 1 |
6.850 | 19913 | 8 |
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