Spinner 2, I am deeply sorry that your investment in Lynas has turned so bad. I will be bankrupt in 6 to 12 month time if SP does not improve.I know exactly how you feel, I am in the same shoes, but I only blame myself, my mistake was that I put all my eggs in one Basket.Any where anything can happened with any company . Look what happened with gunmill plant company in tasmania...
Yes SMSL has cause a lots of damage to Lynas and should be a legal action against them,but we should not forget that the main reason for SP being so low right now is the fall in REE basket price.Yes it is correct to say that Lynas has lost opportunities to benefit from high REE price because of delay but low REE price has help Lynas in the long run by not having many competition, that is the reason why I am still very optimistic about a bright future for Lynas and I have still a great hope and I urge LT investors to hold on and still be patient.
Cheers
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Open | High | Low | Value | Volume |
$7.12 | $7.27 | $7.04 | $30.56M | 4.289M |
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---|---|---|
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No. | Vol. | Price($) |
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3 | 27854 | 7.020 |
4 | 21759 | 7.010 |
2 | 11978 | 7.000 |
1 | 11836 | 6.990 |
Price($) | Vol. | No. |
---|---|---|
7.060 | 5575 | 1 |
7.100 | 11836 | 1 |
7.110 | 12811 | 2 |
7.120 | 12186 | 2 |
7.130 | 11836 | 1 |
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