^
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. |
---|---|---|
$7.04 | 8902 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5100 | 7.020 |
3 | 24626 | 7.010 |
3 | 12221 | 7.000 |
2 | 26888 | 6.990 |
2 | 16480 | 6.980 |
Price($) | Vol. | No. |
---|---|---|
7.040 | 8902 | 1 |
7.050 | 3341 | 2 |
7.060 | 30085 | 7 |
7.070 | 12221 | 3 |
7.080 | 15730 | 7 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |