praseo
What you are saying may well be right.
But what most ppl are forgetting is :
That the share price for LYC is also governed by external forces outside Malaysia.
This is show of force ,and i let you decide who is the possible influence on Malaysian Delays for TOL
Japan needs REE. China got the monopoly of REE .
Both would be happy to take over LYNAS if allowed by FIRB.
America also desperate for REE as evident by Pres. Obama complaining against China s restrictions.
MOLY is proving to be a failure compared with LYNAS . So we see the US instos manipulating the SP of LYC for their advantage and to save face. This problem is on going.
No substantial SH has dumped LYC to show lack of confidence. Hence i tend to believe that LYC will recover in long term.
I don t believe that the REE bubble has burst .
China is not increasing its supply of REE on the market .
The demand slowed down consistent with current economy and commodities.
If LYNAS had to come on the market soon, what will happen to the price of REE.Increase supply with decreased demand.
Who would be selling what s produced at this point?
WHICH country got most to lose?
Look at the big picture
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Last
$5.92 |
Change
-0.030(0.50%) |
Mkt cap ! $5.533B |
Open | High | Low | Value | Volume |
$5.95 | $5.99 | $5.88 | $20.30M | 3.422M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 186 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.94 | 999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 186 | 5.920 |
1 | 10000 | 5.910 |
3 | 16086 | 5.900 |
2 | 22232 | 5.890 |
1 | 12232 | 5.880 |
Price($) | Vol. | No. |
---|---|---|
5.940 | 999 | 1 |
5.950 | 12264 | 5 |
5.960 | 12232 | 1 |
5.970 | 12232 | 1 |
5.990 | 1100 | 1 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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