Decided to sell today.
I still think long term it could be a solid buy, but just still too many risks involved.
With Moly now showing real signs of distress, the whole RE pricing and demand vs supply issue hard to gauge, and LYC's failure to break out of the sp downtrend have all contributed to preferring to take my profits and sit on the sideline.
I would love to see this succeed as a lot of retail investors are pretty committed, but any negative news from Lynas, even just short term start up issues will see the sp butchered in my opinion.
Milesy
molycorp announces output and revenue miss, page-20
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |