Rubbish post.
Take a look a the performance of 90% of the ASX. In our V8 economy which is the envy of the world the ASX has performed significantlyt poorly.
Our junior explorers have been ravaged to a point where most are cash strapped and begging for a helping hand.
Take a look at nthe top end of town. Most are weel off their 12 month highs even our well performed banks.
LYC is a large explorer with its foot on the production peddle. Malaysia is doing what it pleases with the politics of the TOL and is clearly placing so much stress on LYC finances the company could end up looking at major cash difficulties. Malaysia is step one. Exports of the RE material out of Fremantle will be a controversial step two. Wait for that issue to play out.
LYC's current situation is not of LYC's making but it is paying a huge price for it. As Ive always posted sovereign risk is a huge issue for Malaysia but with local politics at play the Malaysian government couldn't give a rats.
LYC shareholders have to sit and wait. There is no point rining the company and no point slamming it on HC or any other public site. Shareholders should sell or sit tight.
One day Malaysia may reward your patience - then again maybe it won't.
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1 | 776 | 6.700 |
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1 | 1000 | 6.650 |
Price($) | Vol. | No. |
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6.800 | 3857 | 3 |
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