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.
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- ASX - By Stock
- pre opening price up!
My views on todays action :- The LAMP is essentially approved,...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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5 | 16160 | 6.260 |
5 | 41410 | 6.250 |
1 | 5 | 6.240 |
1 | 20911 | 6.230 |
Price($) | Vol. | No. |
---|---|---|
6.320 | 18021 | 4 |
6.330 | 12360 | 1 |
6.340 | 15360 | 2 |
6.350 | 15246 | 2 |
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