I think they will get the license renewed. Malaysia is still a poor country and they need the money.
However because of the uncertainty I sold all my stake in Lynas a week ago.
My reasoning, if renewed SP will have a bump for a day or two but it will come back down to about here, the next ramp for LYC is not until Kalgoorlie nears completion.
Because Malaysia is a status quo, if it renews, than future revenue nor SP doesn't really change compared to early 2022, but if licence is cancelled (very unlikely) but license could be postponed (likely) the SP could drop a dollar.
Either way I will be back with free carry money.
DYOR
Lynas - Never fails to disappoint, page-452
-
- There are more pages in this discussion • 147 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11865 | $6.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.36 | 3637 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |