Exactly, price increases have been led by Nth RE, which is effectively a proxy for Beijing, and focus of current 5YP to add value to China's resource.
As you suggest there has been NO discernible correlation between Nth RE & LYC price charts, and I certainly wouldn't anticipating starting now.
Every one of the long line of detractors here has always tried to treat Lynas as a static entity, in contrast to constant growth over past three years, albeit masked by low RE values.
With Beijing very purposely lifting values back to economic levels the market is now becoming far more aware of the deep value in Lynas.
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Exactly, price increases have been led by Nth RE, which is...
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 13019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 14538 | 6.000 |
2 | 134 | 5.960 |
1 | 100 | 5.920 |
2 | 10167 | 5.900 |
2 | 10033 | 5.890 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 3000 | 1 |
6.100 | 7705 | 1 |
6.110 | 3000 | 1 |
6.120 | 7365 | 4 |
6.130 | 3000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |