The timing of that Molycorp shocker result was most unfortunate for LYC
The other rare earth companies on Wall Street (Avalon & Rare Element) are also tanking further overnight
This must influence RE sentiment and the level of SPP take up .... and we may now see chunks of LYC stock going into the hands of sub underwriters
I think there will probably be a shortfall - and that may temper any sharp rebounds for a number of months.
Still worth supporting at SPP - but expectations need to be realistic
molycorp collapse must hurt spp take up
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Last
$6.07 |
Change
0.005(0.08%) |
Mkt cap ! $5.655B | |||
| Open | High | Low | Value | Volume |
| $6.00 | $6.08 | $5.97 | $5.063M | 839.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6887 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 23328 | 42 |
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| Last trade - 11.22am 25/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |