LYC 0.00% $7.02 lynas rare earths limited

^if your not nervous your not human rorkes. Reality is if your...

  1. 1,540 Posts.
    ^

    if your not nervous your not human rorkes. Reality is if your loosing sleep, you may have too muhc invested in lyc. Fundamentally speaking this is a very good stock, technically it shot to pieces which gives a lot of signals to short.

    Now worst that can happen the start of production in malaysia gets delayed for about a year this stock drops perhaps 50% but very very likely you'll be back in the money + profit when production comes online imo.

    I doubt the denial of a licence will have malaysia scrap the plant because any country would want to give up a production facility capable of generating approx 8billion malaysian bux a year. Just ludicrous to think that a very small minority with unfounded opinions can sway the Malaysian Gov.

    End of the day regardless of how unpopular malaysian gov thinks something is, so long as they make worthwhile $, they'll do it. Just recently they just passed a very unpopular policy that increases electricity substantially for everyone in malaysia i believe as an example.
 
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Last
$7.02
Change
0.000(0.00%)
Mkt cap ! $6.561B
Open High Low Value Volume
$6.92 $7.09 $6.86 $26.51M 3.784M

Buyers (Bids)

No. Vol. Price($)
1 5100 $7.02
 

Sellers (Offers)

Price($) Vol. No.
$7.04 8902 1
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Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
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