I don't know that it was necessarily undervalued before if one considers there was a real possibility it was going to go under. The rally last year i think was on the ramping up of LAMP to full production coupled with a few quarters of positive cash flow. But with RE prices continuing to drop and the hefty debt at an equally hefty interest rate there was every reason to sell.
There was no denying this stock was (and is) highly speculative. But with a renegotiated debt arrangement, near capacity production and now rising RE prices the chance of LYC really progressing are much more favorable. There are clearly a lot more people tuning in to this now and trying to get in cheap.
I have to really thank the great info people post on this board.
I don't know that it was necessarily undervalued before if one...
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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 |