Given the time, the threat of losing the LAMP, the war in Ukraine, worldwide inflation, geopolitical issues, and an unfriendly host national, he was not wrong at the time.
The one sustaining ractor most people miss about LYC is its shareholder loyalty. There are just a hand full of us left from almost 13 years ago, who are still holders of the stock. In hindsight, many early holders of LYC were way early to the party. By almont 7 years.
Never in my history of investing have I seen a company absorb so much abuse, disdain and bashing as I have with LYC. So a $10 sell call at the time was very reasonable.
And the other "longhawlers" on here, now calling for a $20 share price are right on the money. Maybe a little to bearish, as LYC at that price is a guaranteed buyout target. We have seen and heard about our galaxy and we are it. This nonsense about living on other planets is 2000 years away. Our planet has about 30 before it is completely buggered. So to sum it all up, $10 was a good call. $20 dollars in 24 months is a very good call. There are a lot of new miners digging, but the money in RE is in THE PROCESS. I suppose you can compare it to; Woolworth's v. Amazon. Its not about having stuff to sell, its about the supply chain and the processing.
My 20K shares say $10 sounded good when the world was coming unhinged. Now they say that north of $20 a share sounds reasonable, but just barely. This from the guy who called $6.50 well over a year ago, and fought this board by maintaining that our LAMP would not close in July. And, who thinks our LAMP will get new extensions to process Malaysia RE and Indonesian RE well after January 2024.
If the car industry can really make a $35000.00 EV car, then LYC will be a $30 stock. The cursed 13 years of LYC are behind us, though I do worry about the prices of US Autos (to be honest).
Stand up, or stand aside. GLTA
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$7.75 |
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Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 6556 | $7.73 |
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Price($) | Vol. | No. |
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$7.77 | 3385 | 1 |
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No. | Vol. | Price($) |
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1 | 6556 | 7.730 |
3 | 12284 | 7.710 |
1 | 9401 | 7.700 |
2 | 30653 | 7.690 |
2 | 18250 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 3385 | 1 |
7.780 | 12284 | 3 |
7.790 | 9401 | 1 |
7.800 | 12151 | 2 |
7.810 | 9401 | 1 |
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