My views on todays action :
- The LAMP is essentially approved, now it's just a matter of taking care of a few details. This is the most important outcome from today. In the eyes of investors, very significant de-risking has just occurred.
- There will be a delay of around 3 months so production is expected to commence at the end of 2011. I for one never really expected a September start date and I suspect very few analysts did either. In the scheme of things, 3 months is nothing.
- The anti-Lynas concerns have been heard and accounted for. The protests and headlines should now fade away.
- Chinese quotas will continue to tighten and rare-earth prices will continue to rise.
- The share-price will trend upwards from here on.
pre opening price up!, page-42
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Last
$7.34 |
Change
-0.260(3.42%) |
Mkt cap ! $6.860B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.56 | $7.30 | $32.37M | 4.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84497 | $7.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 23514 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |