NS, ask yourself why would anyone want to mark this, or any other RE stock, up ATM?
Sure someone with deep pockets could run it up for a few days, even into the 70's or 80's but what fundamentals are there to draw in further buying or even hold it there?
Anyone trying to move it up like that would get smashed ATM.
We need two things, a general change in RE sentiment from Dreadful to Neutral, or better, Mildly Positive and Lynas to demonstrate that there is sufficient demand to generate positive cash flow.
Neither of those is going to happen in the next few days or weeks, minimum second half IMO.
Constructive option is to have a think about the best way to manage your position in the interim, and hopefully you've got some others performing well as a distraction.
LYC Price at posting:
59.0¢ Sentiment: LT Buy Disclosure: Held
