"don't know why the SP keeps climbing"?
If you do some research into this stock it will become very obvious why the sp is climbing. More people are becoming aware of this firm and what it is sitting on plus how close to the start of mining it is. Plus every day more and more uses are found for these rare earths so the demand for them increases making the supply shortfall even worse.
I believe this trend will continue (and have degrees in Geology and Chemistry so do know a bit about this subject) and even get faster in the next few years. Just think - every ipod, cellphone, guided missile and hybrid vehicle contains rare earth elements. This is only scratching the surface of their uses, dyor!
L
"don't know why the SP keeps climbing"?If you do some research...
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Last
$7.88 |
Change
-0.210(2.60%) |
Mkt cap ! $7.365B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $18.89M | 2.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2122 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 19791 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |