Personally, I thought the presentation was great. Everything going according to schedule, no cost blow outs, business and industry fundamentals still strong.
Molycorp is almost at the same share price level it was before the correction of all the rare earth companies. Before this correction Lynas was at $2.30. So theoretically, if it had followed Molycorp's lead, it would be back at close to the $2.30 mark.
Nick selling his shares held the share price back; but based on the presentation, appears to have offered a fantastic buying opportunity with potential to ride the price back to $2.30- which would be a great return at the current price.
Thats the way I see it anyway.
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$6.94 |
Change
0.070(1.02%) |
Mkt cap ! $6.486B |
Open | High | Low | Value | Volume |
$6.94 | $7.04 | $6.88 | $23.17M | 3.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $6.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.97 | 13052 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 6.930 |
3 | 29091 | 6.920 |
5 | 30926 | 6.910 |
6 | 28828 | 6.900 |
2 | 14432 | 6.890 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 13052 | 3 |
6.980 | 14775 | 3 |
6.990 | 12282 | 2 |
7.000 | 21369 | 3 |
7.020 | 3000 | 1 |
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