parmenio - you don't quite get it because you haven't thought it through.
The TOTAL SIZE OF THE SPP is capped at a level that is VERY VERY LOW in relation to all relevant metrics:
1. Market cap of Lynas
2. Average value of daily trading in Lynas
3. Number of retail shareholders of Lynas
therefore, you would expect:
1. Lower than usual selling by retail as they recognise that they have a very low chance of getting more than a token SPP allocation
2. ANy selling that does take place to be easily absorbed by the market due to high LYC liquidity.
parmenio - you don't quite get it because you haven't thought it...
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Last
$6.07 |
Change
0.020(0.33%) |
Mkt cap ! $5.673B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.09 | $6.02 | $35.62M | 5.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298927 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 30108 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |