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
$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |