LYC 0.30% $6.76 lynas rare earths limited

I think you will most likely find the sp to drop intially to...

  1. 1,764 Posts.
    I think you will most likely find the sp to drop intially to around 75 - 72 - people wanting below that short term might just be a little too greedy. I see this going back to the mid/high 80s fairly quickly.

    A CR was on the cards in our faces form months ago - still the timing of this came out of left field for me. I thought it would come late Nov. After the AGM.

    The CR is almost the amount of current shorts outstanding. Not that I think more shorting will not occur short term - but I am more likely inclinded to think come mid Dec/2013 this will qucikly rise to at least double 75c. They have shorted the crap out of this stock - now they will want some big returns - after perhaps short term scaring a few more retailers to sell.

    I hold more confidently now than last week - that is for sure.

 
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$6.76
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Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
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