Once cash flow positive, a re-rating should be in place. Also new contracts agreements alluded to will help.
However, like Iluka which is a highly respected and very profitable, the shorts won't go away in the short to mid term and that will place some resistance to the SP moving up as much as most of us would like.
Once cash flow positive, a re-rating should be in place. Also...
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $6.346B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.88 | $6.78 | $12.19M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5667 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 6940 | 5 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |