dtrain28 ,
" why you'd bother selling "
How low can LYC possibly go?
We are assuming that the titanic is unsinkable ,and that Lynas will survive and in positive cash flow one day in the future .
If that is the case then i agree with you .
Only a problem if Lynas end up in receivership and delisted.
NOT SAYING that this is likely .In fact IMO Not likely.
But if it does ,one cannot claim Capital Loss in tax ,till declaration is made by administrator .That takes long time .
IMO, Let s hope that LYC sp will turn around.Then look at losses made in terms of time lost rather than cash lost.
how long will it take, page-8
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Last
$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.318B | |||
| Open | High | Low | Value | Volume |
| $6.76 | $6.81 | $6.72 | $16.83M | 2.487M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9162 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 5455 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |