I have held a large parcel of LYC in my long term investment portfolio, largely free carry.
For better or worse, over the last 3 year my transactions have been on my trading account as the stock has presented a string of beautiful sine waves up 15%+ then down 15%+, lock in a strong rangebound price band.
Having sold a month ago in the high $6/low $7 with purchases a month or so before that in the high $5 area, it looks to me like a rinse and repeat.
I don't want any investors to lose money, but I sense a period of price weakness again and will buy over the course of this trough on the trading account.
I retain my long holding all the way through as over the medium term, I expect NdPr prices to recover and am not lost to the potential of corporate action, though it is not the basis of my hold.
As a 40 year commodity investor, sometimes reward demands 5-8 years of patience, just as we have seen in the U3O8 space.
GLTASH
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I have held a large parcel of LYC in my long term investment...
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Last
$6.09 |
Change
0.030(0.50%) |
Mkt cap ! $5.692B |
Open | High | Low | Value | Volume |
$6.13 | $6.16 | $6.07 | $11.61M | 1.903M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12747 | $6.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.12 | 7550 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12747 | 6.090 |
3 | 14734 | 6.080 |
3 | 34913 | 6.070 |
4 | 25679 | 6.060 |
1 | 800 | 6.050 |
Price($) | Vol. | No. |
---|---|---|
6.120 | 7550 | 2 |
6.130 | 15234 | 4 |
6.140 | 11029 | 1 |
6.150 | 11029 | 1 |
6.160 | 4008 | 2 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |