Another week with just small action. Most of it was on upside. It is becoming highly likely that this may be a bottom. Before Celebrating We should keep in mind where prices need to go. Cash flow neutral is hard because we only have past CAP X to look at. This will go down but with info we have very hard to know how much. So based on Past CAP X they probably need about 650 RMB WV / KG to be cash flow neutral. about 800 RMB to make a profit that would support LYC at $7.00 with a PE of 20. You have to have a bottom before a rise. Bottoms and tops can be very long. China is in control of prices until they announce or show a slow done in the Quota rises or a stockpiling for future i do not expect a solid rise in prices.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 6.180 |
2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
6.290 | 27747 | 5 |
6.300 | 17068 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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