I am now starting to think the Lynas rocket needs to be put in the bottom draw for a while yet.
We still have 18m plus warrants @.038 expiring September 2018.
Another 135m plus issued so far this year.
Plus the 340m plus expiring Sept 2020 @ .05
Judging by trading patterns lately whoever bought these shares from MTK are churning them through the system capping SP irrespective of performance of Lynas. They await news and a slight shift in price and then dump.
Any movement upward in SP will in my opinion be capped by these liabilities. Why wouldn't you convert if you are making 50-100% gain then passing shares onto someone else to churn on good news and make further gains? This I think is restricting bigger funds from investing at this point unless they are willing play the game as well.
I am in LT but it pi**es me off to see daily ,the bites and dumps.
Just my thoughts!
I am now starting to think the Lynas rocket needs to be put in...
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12791 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 13019 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |