LYC 0.00% $7.02 lynas rare earths limited

yes aru,much of what you say is true,our sp has tanked due to...

  1. 5,544 Posts.
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    yes aru,
    much of what you say is true,
    our sp has tanked due to both this uncertainty as well as general world events like a great number of other stocks.

    But my own view is that we are reaching a point where a great deal of downside risk has been well and truly forced into this stock.

    Technically we appear to be at a long term support level on the chart and recent trading has so far respected that.

    Fundamentally The plant is ready to go, and as far as Lynas is concerned Lynas has completed the AELB requirements and awaits the issue of the licence.


    Yes there could be further hold-ups, and I don't think that would surprise anyone, but what I'm saying is I personally think in the overall picture that there are a few good reasons starting to line up that may attract those who are in for the early move on anticipation, a bit like waiting for drill results ie not without risk.

    Better to wait until the plant has been up and running for a while and all the bugs have been ironed out.

    or fund up that CFD account and get ready for a killer long!


 
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$7.02
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Mkt cap ! $6.561B
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$6.92 $7.09 $6.86 $26.51M 3.784M

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No. Vol. Price($)
1 5100 $7.02
 

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Price($) Vol. No.
$7.04 8902 1
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Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
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