I'm down more than 60% now and as much as I would wish an explosion, the fundamentals simply don't even allow a rise, not even .65. The rare earth market is facing the worst of all market situations, a heavy oversupply with falling prices, slowing demand and new productions ramping up.
http://blog.metal-pages.com/2013/03/05/innovations-from-japan-do-not-bode-well-for-primary-rare-earths-demand/
We payed prices way over a dollar because we were hoping on huge profits. These hopes are definately gone now and if the downward spiral continues Lynas will not be able to be profitable.
lynas ready to explode upwards very soon, page-22
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |