The management has done a marvellous job at cost controls and the result as best as they could. A big tick for the company!
The big pro side is there is a geopolitical war going on and Lynas is a big asset to have against China by the west. But this is possible a medium long term term benefit
However there are many con sides . A price taker is a big minus. China will do everything they can to crush the party whenever there is one. Another big one is the overdue economy downturn anytime soon after US election. There is no greater prospect for rare earth need now the west is all anti China EV in the name of democracy.
Lynas has a business to run, not geopolitics (albeit it’s beneficial to them). In near term, Lynas will struggle unless Uncle Sam or Gina alike wants to takeover which I believe would likely be the case in the future.
The management has done a marvellous job at cost controls and...
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Last
$7.61 |
Change
-0.105(1.36%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $5.789M | 764.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2592 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6747 | 25 |
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| Last trade - 14.37pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |