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???
Couldn't agree more and sold the bulk of my holding above...
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Last
$6.65 |
Change
0.115(1.76%) |
Mkt cap ! $6.103B | |||
| Open | High | Low | Value | Volume |
| $6.63 | $6.69 | $6.63 | $807.8K | 121.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2184 | $6.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 1962 | 5 |
View Market Depth
| Last trade - 10.20am 03/01/2025 (20 minute delay) ? |
| LYC (ASX) Chart |
