CJ, why did the Dragon begin moving prices literally within a few weeks of Lynas debt extension to 2020???
While I'm NOT a big fan of conspiracy theory, there is a viable case that the run on RE values & LYC SP were both triggered simultaneously by the certainty of Lynas survival.
While the dilution is "unfortunate" the SP was 5.3c day prior Debt Amendment Ann. 26/10/16, and basically been in an uptrend since, effectively now 4x.
10 days later Nth RE raised prices.
Just maybe, that dilution/Lynas certainty, was required to break the deadlock, whatever, I'm certainly way ahead of the curve as a consequence.
CJ, why did the Dragon begin moving prices literally within a...
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Last
$6.80 |
Change
-0.100(1.45%) |
Mkt cap ! $6.356B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.80 | $6.69 | $13.60M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13933 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 1389 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |