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.
I will agree and if it continues for a few weeks, it will mean a...
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Last
$6.04 |
Change
-0.080(1.31%) |
Mkt cap ! $5.645B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.13 | $6.02 | $41.50M | 6.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11719 | $6.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 28799 | 3 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |