Not expecting either LYC or REE to go lower.
Lynas powered through a transformative and complex set of challenges and the ex-China world has much growth ahead. Drilling results provide support for a stil-larger enterprise but Lynas will grow with demand.
REEs: Still a buyers market for the next year. Personally I thought Lynas's decision to supply DyTb was late in coming but unavoidably so (many reasons, but researching a new process often does not follow a nice schedule). Not to mention, Lynas needed to establish sustainability on light REEs LaCeNdPr as that will always be their mainstay, but it was my thought that their NdPr business was languishing due to lack of DyTb (and would continue to do so unless and until).
Latest short position is also in play for me; currently the opposite of hot money chasing it up.
GLTASH
Not expecting either LYC or REE to go lower. Lynas powered...
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Last
$6.22 |
Change
0.070(1.14%) |
Mkt cap ! $5.813B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $13.54M | 2.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 12273 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |