All these comments about why the SP cannot rise before positive GE13, REE prices stabilization and Phase 1 completion are BS IMO.
Markets always look ahead about 6 months. If this share was not manipulated it would have been now at $1.50 just due to realistic expectations for future profit.
But this share is held down by a hedge fund that got stuck with 190 Million shares they need to cover and they don't have enough shares they can buy without raising the SP. They are in dire situation and must hold the SP down at all cost and wait for some kind of a Lynas problem that will enable them to cover cheap.
Do not be naive and do not buy all the other BS reasons for low SP they are spreading.
All these comments about why the SP cannot rise before positive...
-
- There are more pages in this discussion • 101 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |