LYC 1.17% $6.74 lynas rare earths limited

Clearly looks good buying myself, as they have shown to be...

  1. 296 Posts.
    lightbulb Created with Sketch. 49
    Clearly looks good buying myself, as they have shown to be capable to build the mine / plant / supply chain etc , even against the odds. Admittedly LYC had the luxury of much more positive r e prices in the early days which obviously has given good forward momentum .That of course still has value today as the r e wanna be's are clearly going to struggle to gain any traction now, leaving LYC as the dominant non chinese player with strong support both financially and politically. Some are calling LYC as speculative, I can't agree with that as everything is built and in place and cranking up production atm, to 22k plus per annum. A spec. stock is surely one with no plant, no mine, no dosh$ and a dreamlike sketch for the future on the back of a box of matches. At borderline profitability of late with low r e prices ,and soon to be producing at nameplate capacity, it doesn't need much of a change in the equation to bring rewards ! imho.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.74
Change
-0.080(1.17%)
Mkt cap ! $6.300B
Open High Low Value Volume
$6.83 $6.85 $6.67 $15.08M 2.242M

Buyers (Bids)

No. Vol. Price($)
1 70897 $6.74
 

Sellers (Offers)

Price($) Vol. No.
$6.75 3296 2
View Market Depth
Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.