"I also do not believe we will ever see $30 again, the environmental costs for most mines are just too high"
disagree sorry kalenn, the ONLY reason we saw LYC basket price rocket from $15 to $70+ over the last 6 months has been perceived supply and demand, a number of factors will test the basket price in the short, medium, and long term:
* increased competition (USA, Canada, and Japan releasing articles this week informing the market that they are ramping up procution of RE) this will impact the percieved supply vs demand
* increased publicity about companies recycling RE's (hitashi etc)
so if the fundamental driver that saw the RE basket price rise from $15 to $70+ is removed or deminished, there is only one way for the price to go.....
but hey, DYOR, and dont take anyone's word on HC as gospil, because these are all only opinions
cheers
projected income and expenses , page-17
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Last
$7.00 |
Change
0.210(3.09%) |
Mkt cap ! $6.561B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $7.05 | $6.72 | $28.47M | 4.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 199898 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.60 | 20000 | 1 |
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| LYC (ASX) Chart |