nihilism - the reason why they jump in is because they don't want to miss out on the huge upside potential that awaits.
If I remember correctly, Macq. Bank had a price target of $7+ on LYC when forward estimates are taken into account in addition to dividends..
Furthermore, don't forget it was the Chinese who made a bid for this company a few years ago.. they have a better idea than we do
it is political uncertainity that is primairly holding the share price back, otherwise LYC ticks all the boxes to what may be the next 'Fortescue'..
come june.. share price first shipment, page-7
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |