tipster:
"It's not in anyones interest to Discount as there are usually no winners in a Price War."
Whilst I'm also a Lyna bull I don't believe that such a naive statement assists the discussion - it is a standard practice in this cutthroat world for the major player to take short term losses in an attempt to drive the smaller competitor out of the market.
This, along with the unpredictable Malaysian political environment, has been my major concern re LYC (and, dammit, led to me minimising my take-up of the SPP).
No offence intended pal ... we're on the same side but I recommend that you factor in the possibility of a price war.
japan will pay a premium for lynas product, page-7
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Last
$7.75 |
Change
0.135(1.77%) |
Mkt cap ! $7.159B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $4.152M | 540.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1688 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.75 | 5246 | 20 |
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| Last trade - 13.20pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |