Sensible, I think most here are look for substance not sentiment, which is clearly driving the penny dreadfuls ATM despite no underlying business.
Compare the mkt cap LYC.AX to any other in the space and it's clear fund/insto money is required here to underpin the substantial moves.
Broker put it to me this arvo that it was the smaller funds selling off today after the big early run up to boost their EOM returns. Makes sense.
Though not official, news from Mahathir very likely to get those funds buying back in, and others, if not tomorrow, coming days & weeks. Not least it removes WES major condition if Scott plans to come again.
It also sets the SP up for a string of positive news in the weeks ahead, putting considerably more substance to the business.
Another run tomorrow would be nice, but quite confident it will develop in coming weeks/months regardless.
Lynas US Market, page-9
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |