Back in Dec 2017 when Lynas share price was 20c a poster from USA stated the following....." I think the consolidation was an extremely smart move, because the major investors are not even aware of its existence, since they won't give a second consideration to any penny stock."
Lynas went on to consolidate on a 1 for 20 basis.
So it is pointless for posters saying look at the LYN shareprice jumping from 17c to over $8 without checking all the facts. Consolidation overnight pushed the shareprice into the plus dollar range.
Will LIN shareprice go to dizzy heights? YES. But be patient as we still have a long way to go with raising capital, building infrastructure, offtakes etc etc.
Will LIN consolidate its shares? I believe it will at some point in time before it goes way over a billion shares. Since a higher share price seems to attract Institutions and Fund managers it will be a positive move to consolidate.
In the meantime we await more news re the drilling program results.
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Mkt cap ! $126.8M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 11.0¢ | $30.51K | 277.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 243414 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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4 | 140169 | 0.110 |
8 | 558809 | 0.105 |
14 | 680325 | 0.100 |
2 | 140404 | 0.099 |
1 | 100000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 40000 | 1 |
0.120 | 96609 | 3 |
0.125 | 65000 | 1 |
0.130 | 82294 | 3 |
0.135 | 44983 | 1 |
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