I hope you're right, Pilko, but I think you might be a little optimistic, especially on the timing. Some time ago when I bought into LYC I did a calculation of "intrinsic value". I can't recall the details, but I do recall my intrinsic value came out at a little over $3.00. Based on this, I plan to sell when it reaches $3.50, which I'm sure it'll get to - eventually.
On the timing though, I think it may take until the first revenues are received before this thing fires up properly. That will possibly be late 2009, more probably early 2010. Between now and then, any deep falls are opportunities to top up, depending on availability of funds.
Cheers,
Michael
I hope you're right, Pilko, but I think you might be a little...
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Last
$6.89 |
Change
-0.050(0.72%) |
Mkt cap ! $6.472B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.97 | $6.87 | $9.776M | 1.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 6717 | $6.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 12672 | 43 |
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| Last trade - 15.56pm 13/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |