The smart money was selling today, simple. Big volume, big move lower, the big boys are getting out.
Everyone has a view on this but the fact is if Malaysia knock this back the stock will be hammered. This COULD happen. Headlines like these have broken on the wires before, its not unusual.
I own LYC, I think it will be approved and there's upside. But its a risk and saying the stock was sold just to buy it back cheaper is ridiculous.
There are two threats to this stock, Malaysia and REE prices. The constant hypothesising on this site about 'manipulation' are wasting everyones time, the fact is both threats are very much unknown and that equals big volatilty.
And one last thing, ignore the market at your peril, $80m of shares traded today, this is not being moved by punters.
LYC Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
