scanspeak:
"Population of Malaysia 28 million.
Against Lynas - 5000 (politically motivated and the ill-informed).
For Lynas - 27,995,000 (smart Malaysians)."
I don't think that is a fair assessment. The Malaysian people's issue with Lynas is not about the environment, but because the project has been approved by the current administration Barisan National (BN) which is associated with corruption and nepotism. You can get as many independent reports from as many international recognised scientists you want but these angry people are not going to budge. They hate the government that's why they are against Lynas, and their number is not 5000. The general election will be held within the next 10 - 12 months and it is widely believe that the opposition (Pakatan Rakyat) will make up for more ground if not win the election.
so let's be rational here. you have an australian company who has been approved to build a processing plant over there. now the people are angry and they want things to change. The gov decided to pull back the approval to please the crowd. Being an investor will you still put your money in this stock? My answer is yes, but my entry price is around ~$0.75 due to the risk being involved. or at least until the general election.
you can say this is downramping, because I will start accumulating once the SP price is near my entry price. But my advice to people who hasn't bought in to this will be STAY AWAY!
- Forums
- ASX - By Stock
- LYC
- news anti lyc rally
news anti lyc rally, page-45
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.16 |
Change
0.050(0.82%) |
Mkt cap ! $5.757B |
Open | High | Low | Value | Volume |
$6.16 | $6.29 | $6.14 | $17.46M | 2.821M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8398 | $6.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.17 | 6000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8398 | 6.150 |
1 | 440 | 6.140 |
4 | 36277 | 6.130 |
3 | 15827 | 6.120 |
3 | 19905 | 6.110 |
Price($) | Vol. | No. |
---|---|---|
6.170 | 6000 | 2 |
6.180 | 13754 | 3 |
6.190 | 13064 | 2 |
6.200 | 10064 | 1 |
6.220 | 3000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |