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$6.50 lynas rare earths limited

Any chance writing on something else your boring and repetitive....

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24

18/01/24

06:51

Post #: 71934157
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Originally posted by ContraryJ: ↑

I will agree and if it continues for a few weeks, it will mean a bottom. Do you have any idea how far it has to go up to have earnings support a SP of 6.00 at a PE of 20? Progress on that is what counts. 6.00 X 933M shares is 5,598M . divide 20 = 279 M Profits / year. In H1 2024profits will probably be < 20M, H2 < 50 M. we have a long time to go before we see just a little less than 300M year. REE prices are killing this company and few realize how bad. JMO Q2, SAR, Q3 will start to wake up lots of people.

At todays prices it is unlikely Lynas can only make a very small profit if any. So until prices rise making more just does not help. It will pay overhead and keep them open but do little for profits.

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Any chance writing on something else your boring and repetitive. Move on to something you own!

LYC Price at posting: $6.00 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.50		Change -0.060(0.91%)		Mkt cap ! $6.075B

Open	High	Low	Value	Volume
$6.42	$6.51	$6.38	$19.90M	3.076M

Buyers (Bids)

No.	Vol.	Price($)
1	1300	$6.48

Sellers (Offers)

Price($)	Vol.	No.
$6.51	8632	2

View Market Depth

No.	Vol.	Price($)
3	179	6.640
1	250	6.600
1	100	6.580
2	141	6.570
1	61	6.520

Price($)	Vol.	No.
6.260	377	5
6.300	527	2
6.330	462	2
6.400	710	1
6.500	1065	2

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last $6.51			Change -0.060 ( 0.69 %)
Open	High		Low	Volume
$6.42	$6.51		$6.39	904490
Last updated 15.59pm 01/05/2024 ?

LYC (ASX) Chart

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