The post says Mt Weld is worth $1Bn based on the Malawi acquisition price. My point is the acquisition does not make any sense, let alone the price. There is one reason why it does, but I am not going to go there.
And Anaconda sold it in 2000 or so. Look at the money LYC has spent on it since then, including running a head office in Sydney with substantial and unnecessary overheads. Compare their admin costs to their exploration and development costs.
Perhaps that is good management and not the projects fault.
malawi, page-3
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.40 |
Change
-0.205(2.70%) |
Mkt cap ! $6.977B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.56 | $7.38 | $9.640M | 1.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 9746 | $7.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.40 | 5718 | 18 |
View Market Depth
| Last trade - 13.16pm 14/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |