As an investor who recognized the potential early I am sure I have done as well as any trader on this stock but yes it is very volatile and a good trading stock for those that can get it right.
The day of reckoning though is only 9 months away not years away.
It is simple will the plant be built this year or not and that's the major risk right now.
The rare earth price could fall to $30kg and the share would still be worth today's price. Now why would the price fall when there is no supply anywhere outside of china until lyc produces then molycorp 12 months later. Substitutes will take years as well.
So if lyc gets the plant right then in 9 months time then the speculation will end as it will be real $$ in the bank.
I
As an investor who recognized the potential early I am sure I...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |