Trader V, here is my risk reward scenario. 90% of my net worth is tied to Lynas. Invested 5 years ago. I am still young and have a promising career in the engineering industry.
Scenario1.
Lynas does not go ahead because of negative IAEA report. Result: I will go practically bankrupt, my wedding plans to my gf will be postponed another 3 to 4 years and she wont be happy about it. I will be stuck living with my parents but hey I have a good job to fall back on. Not too bad. Risk of this happening 8 to 10%.
Scenario 2
Do I sell out now? My house will be paid off and I no longer have a mortgage. Marry my gf and work for the next 20 to 30 years for the rest of my life. Risk: No risk I have cashed in my poker chips.
Scenario 3
Lynas go ahead because of favourable IAEA report. Result I will be guaranteed to become at least a millionaire. Marry my gf next year, house paid off. I am no longer a slave to money and no one controls my life BUT I will still work because I enjoy engineering. Will be joining my Lynas head crew in Sydney celebrating whatever dollar club they want to celebrate. Risk of Favourable report: 90%
After thinking about the three scenarios in this high stakes poker game, I am shoving my chips in the table and with a confident tone ?I AM ALL IN?
Trader V, here is my risk reward scenario. 90% of my net worth...
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Last
$6.42 |
Change
0.050(0.78%) |
Mkt cap ! $6.005B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.42 | $1.977M | 306.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2881 | $6.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.43 | 12575 | 21 |
View Market Depth
| Last trade - 11.04am 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |