Stop looking at stock price look at market cap MP MC = 4.31 Book value per share 7.81. Lynas MC 6.621, Book value per share 2.00.
By both of these Lynas is priced much higher than MP
I could give many statistics that show that Lynas stock price is much higher than MPS when compared to the standard metrics. The difference is shares out standing MP 177 M, Lynas 834M. dilution is very important and if REE prices do not recover soon Lynas will have to dilute a lot more to finish current projects and start TEXAS. 1 billion cash on hand is not much with what they are doing this will become very obvious very soon. Though Q4 and SAR will show this clearly it will be Q1 report that realy shows it. I want to see volume in Q4 but my guess is Cash on hand will go down by 200 ~300 M in Q1. On a yearly basis. This is a bigger fall than they have cash on hand. They will not run out of cash!. JARE will loan cash or buy stock. Both are bad for current stock holders.
Look at actual trading activity of SS it is small they are jut on cusp and keep going slightly below or above the reporting level of 5%.
Every one said the UBS report was corrupt and gave lots of reason but no one gave one fact to show it was wrong. 2022 earnings were AU 541M. UBS predicted 2023 earnings 338 M and 2024 earnings of AU $44M. Even if they are off by more than 2 to 1 for 2024 which I doubt and earning come in at 100M what does earnings doping by more than 80 % in two years do to SP?
Yet another UP RAMPER grasping at the either trying to justify the SP fall.
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Stop looking at stock price look at market cap MP MC = 4.31 Book...
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Last
$7.60 |
Change
-0.150(1.94%) |
Mkt cap ! $7.103B |
Open | High | Low | Value | Volume |
$7.64 | $7.69 | $7.56 | $20.43M | 2.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29813 | $7.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.60 | 121468 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29813 | 7.590 |
1 | 12970 | 7.560 |
6 | 27984 | 7.550 |
3 | 20970 | 7.540 |
2 | 32806 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.600 | 121468 | 3 |
7.610 | 569 | 1 |
7.620 | 13173 | 4 |
7.630 | 10144 | 2 |
7.640 | 10159 | 2 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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LYC (ASX) Chart |