Make sure your position is relative to your pain threshold if it drops 50%.
If it isnt then you were too highly leveraged in the stock..
All contruction projects have problems. LYC trades and probably will for a while, at a discount because of the sovereign risk. We can see now that this risk was justified.
A key element in all this is the the governement has said that the rare earth industry is not be avoided but it requires care.
U can see now why the Chinese started to cut their production and their quotas due to environmental concerns.
explanation to why sp has dropped, page-7
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Last
$7.94 |
Change
0.160(2.06%) |
Mkt cap ! $7.421B | |||
| Open | High | Low | Value | Volume |
| $7.82 | $8.07 | $7.78 | $73.44M | 9.256M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16778 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.97 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |