Unfortunately I had to realise that it doesn't matter how good and how compliant is LYC.
The plain fact is that Malaysia don't really care for western-style niceties, nor for political correctness - LYC is Australian and whitey-owned. This can not be.
Until LYC would sell a majority interest into Malay hands, it will not find success there and I should have factored this fact into my investment decision.
I have traded LYC successfully a few times and I also sold 1/3 of my latest holding a few weeks back @ around $2.36. Of course now I regret that I didn't sell all of them, or didn't sell them last week. But this won't take me nowhere - in my opinion one must leave LYC at an opportune time to re-visit them when they left Malaysia (which will happen unless they'll sell most of LYC; as above).
My opinion only!
News: LYC Malaysian uncertainties complicate Aussie miner Lynas' growth plans, page-43
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Last
$7.10 |
Change
0.020(0.28%) |
Mkt cap ! $6.636B | |||
| Open | High | Low | Value | Volume |
| $7.05 | $7.10 | $7.01 | $26.26M | 3.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21895 | $7.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.10 | 46946 | 15 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$7.07 |
Change
0.020 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $7.05 | $7.09 | $7.02 | 400096 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| LYC (ASX) Chart |