Although, in recent months, most of the OZ RE stocks have got away from the follow-the-"leader" (Molycorp) effect, I would be interested to hear peoples opinions on how the upcoming unlock of a large number of in-the-money Molycorp shares (39,137,087 shares; 90 days after Feb 14; i.e. May 11) might have on the sector in general, and Lynas in particular. I expect Moly to tank to probably around $55-$60USD and the rest of the sector to experience a pretty hard 2 week trading period around the unlock date. Personally I exited most sector positions last week with the expectation of re-entering 10%++ lower sometime this week; with the intent to hold for longer term as most LAMP and Concentrator Plant delays are now built into the pricing.
Thoughts?
Thanks to all and Good Luck.
IMHO
molycorp unlock effect?
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |