A few points I would like to make :
1. You don't heat up a kiln if you don't intend to use it in the next few months. Power bills aren't cheap.
2. With Phase 1 in full production, Lynas is now fundamentally de-risked. Basic analysis shows a solid support at 50c based on phase 1 alone.
3. Rare earth prices can't go much lower.
Seems to me that buying at current share-prices is very good from a risk/reward perspective.
News: Lynas to cut costs , page-37
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Last
$6.31 |
Change
-0.040(0.63%) |
Mkt cap ! $5.893B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.29 | $2.844M | 450.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2846 | $6.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 31104 | 30 |
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| Last trade - 11.28am 16/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |