I sold a few days ago after holding this for nearly ten years. Was planning to hold for the next leg up but its becoming increasingly clear to me that lynas will be looking to exit Malaysia during this next extension. More capital will be spent replacing existing assets destroying the growth over the next few years. Kalgoorlie not being delivered on time could also lead to some ugly quarterlys at the back end of this year. I wouldn't be surprised to see the current market cap take a hit in the short term providing future buying opportunities. Great company with a bright future though long term.
News: LYC UPDATE 1-Malaysia says Lynas' license could be revoked if it fails to comply with curbs, page-21
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Last
$6.15 |
Change
-0.100(1.60%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.24 | $6.13 | $18.60M | 3.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21239 | $6.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.16 | 9771 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$6.16 |
Change
-0.100 ( 1.94 %) |
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| Open | High | Low | Volume | ||
| $6.24 | $6.24 | $6.13 | 894887 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LYC (ASX) Chart |