eztrang,
THanks for your comments. Sorry I would like to pull you up again.
You said:
"Lynas is now bleeding cash at the rate of about $10million every month, they don't have the luxury of being able to wait indefinitely for a pick up in prices. Unlike perhaps some of the Chinese state owned or supported producers."
1. The market is fully aware nad fully informed about this cash bleed. Lighting the LAMP and getting phase 2 under way stops this cash bleed.
2. Chinese state owned producers need to stand on their own two feet too. They have just as much to gain/lose from REE prices as Lynas or Molycorp or anyone else. China is not immune or invincible.
3. There is much talk of China restruiciting REE supplies and also stockpiling. This is not the behaviour of a group, any group , that thinks REE are cheap and nasty so to speak. REE are valuable in and of themselves.
Thank you for raising your points but I don't see any merit per se in the arguments you put forward.
The market is always very unkind when it comes to uncertainty. This is why in my view LYC share price is where it is.
Just my opinion. Cheers and good luck.
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B |
Open | High | Low | Value | Volume |
$7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1546 | $7.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.15 | 72361 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3520 | 7.120 |
2 | 280 | 7.110 |
2 | 2704 | 7.100 |
1 | 1000 | 7.070 |
1 | 72 | 7.060 |
Price($) | Vol. | No. |
---|---|---|
7.150 | 209 | 1 |
7.260 | 6000 | 1 |
7.300 | 2135 | 2 |
7.350 | 1360 | 1 |
7.380 | 2300 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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