End of June has happened for Lynas holders it is end of year and end of Q a good time to look back at what has happened. To REE prices and impact of that on profits. I firmly believe REE prices are at a bottom. I also believe they will stay at this level for a long time (at least 4 to 6 months. REE Prices that can support a SP of $7.00 for LYC at a TMM PE of 30 are probably more than a year out.
Here is a table of change of REE prices over last Q, half, year, and 2 years
Here is a chart of income and profits over same time frame
I will leave it to each of you look at SP chart and decide based on REE prices Revenue and profits what the most likely direction LYC will move in.
End of June has happened for Lynas holders it is end of year and...
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Last
$6.07 |
Change
-0.190(3.04%) |
Mkt cap ! $5.687B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.15 | $6.02 | $20.82M | 3.338M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 17917 | $6.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.08 | 28905 | 51 |
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| Last trade - 12.38pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |