Im back into LYC at 24 this morn and straight to the bottom drawer of emerging Olympians. This baby is going global now and hopefully in fast lane from here. Expect instos to begin taking a serious look now. Mt Weld is THE Ozzie REE play and now global. Bitova tech pause here as traders sell the fact, but only piddly amounts. Next pause level for min is 28-33 zone as it has always promised , then re-assess with fundamentals developments. Very cheap given the potential and likelihood REE prices are fast moving toward their long term averages where Huntleys has given LYC a 1.30 or so "fair value". Reckon tho IMO REE prices are gonna fast track to much higher as China decides to move into the hybrid car export business, which is what this deal must be focusing on. Have traded this for cents in the past but now changes status to "investment grade". Will accumulate on any dips from here but dont think there will be any significant now. Bids are sizeable now.
IMBOO.
lyc - deal and breifing this morning, page-3
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Last
$7.03 |
Change
0.010(0.14%) |
Mkt cap ! $6.561B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.04 | $6.92 | $3.345M | 484.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 959 | $7.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 16547 | 21 |
View Market Depth
| Last trade - 10.29am 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |