I'm very well aware of what the overall market is doing, and yes, I agree that a fair bit of what is happening to LYC is due to that.
But - the share price has dropped from about $1.60 on 2nd Feb to 87c today, on NO NEWS, and in a situation where the whole market KNOWS that a decision is pending. That is, I repeat, defined as a False Market, or as quoted by the Hastie (HST) announcement, "trading on an uninformed basis or in an unfair or disorderly market".
If there was NO pending decision and announcement, then yes, i agree totally, that the SP drop could be ascribed only to the general market fall. But there IS a pending decision, and that changes everything, especially when it is a decision that is a make-or-break one. If the decision goes against Lynas, then Lynas cannot operate. End of story. Period. The share price will get smashed to the floor. I cannot imagine a more price-sensitive announcement that is awaited by the market, and one which we all KNOW is coming. It is THAT fact - the market's knowledge of the impending announcement - that should put LYC into a trading halt.
For crying out loud - it is WAY more price sensitive than some announcement of a resource increase or somesuch. Yet other stocks are going into Trading Halts as I type this for exactly that reason.
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Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | 6.900 |
3 | 15610 | 6.890 |
5 | 33363 | 6.880 |
4 | 23308 | 6.870 |
3 | 16510 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 2500 | 2 |
6.940 | 4182 | 4 |
6.950 | 19265 | 4 |
6.960 | 11510 | 2 |
6.970 | 43260 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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