Jordan, the hedgies and others shorting Lynas love you.
They know that you bought LYC on fundamentals.
Yet, by constantly pushing it down, they are making you question why you bought to start with.
Consider the reasons you bought, chances are they haven't changed.
You start to wonder, if the TOL will be issued at all.
Did you think Lynas would be issued with an operating license when you bought, I assume yes........nothing has changed.
The talk that the TOL may not be issued, is unrealistic. I'm not aware of any ONE project newly built in Malaysia that has subsequently been quashed by the government prior to commencement.
The LAMP is a strategic project for Malaysia, as it is seen as the hub of future 'green' based hi tech industries.
This is why it was given 'Pioneer status' when Lynas first approached the Malay government.
You don't withdraw this status down the track and close the project down. You build on it and develop it and attract complimentary projects.
The SP is down, but nothing else has changed...so why sell?
losing confidence, page-8
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |