The delay in approving the LAMP has been very beneficial for the BASF/Petronas conglomerate in Malaysia. The 10 month delay has allowed ree prices to drop significantly! Now the LAMP will be allowed to process rees. Cerium and lanthanum will be purchased by BASF/Petronas at bargain basement prices. Petronas is owned by the Malasian government. Has there been collusion? I doubt it but certainly the delay has seen significant erosion in ree prices and in the share price of Lynas stock. Now government officials can purchase shares at a deep dicount to the actual value of the company. The Mt. Weld and Duncan deposits are worth about $45 billion!!! Buy low and sell high? It is a great adage. Investors who buy shares now will be rewarded in the future. When you ask? Who knows. But three to five years from now, the current share price will loom as a screaming buy IMO.
lamp approval
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |