Couldn't agree more and sold the bulk of my holding above $2.60.
All the potential positives are in the market place, and included in JP Morgans update research note which held the Dec 11 target price @ $2.71 and is not likely to change until much closer to production.
Apart from the gap @ $2.40 there are a number of issues that could negatively impact the SP:
Mt Weld concentrator approval
LAMP approval/protests
LAMP process - all theory at present/no pilot
Corporate governance - which has been more than covered here.
For mine the SP has gone overbought today, partially driven by Moly which stacked on $500m based on a $90m purchase???
i'm staying in!, page-7
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.04 |
Change
0.120(2.03%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.08 | $5.97 | $4.113M | 682.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6770 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.05 | 10617 | 26 |
View Market Depth
| Last trade - 11.50am 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |