Lynas has two competitors for near term production.
Molymess reports next Friday and it's certainly not going to be pleasant.
GW, not really a volume competitor, had an unexpected mass resignation of LT execs last Nov with little explanation. Now we know:
Great Western Minerals Group Investigates Former Project Director and Contractor
http://finance.yahoo.com/news/great-western-minerals-group-investigates-050100443.html
Many other RE wannabes are also getting very low on cash at a terrible time to attempt a CR, hard to see many retaining the current equity. RE "investment" is approaching it's nadir, bigtime.
Lynas needs to negotiate a firestorm over the next 6/12 months before we'll see any significant SP appreciation. Far more likely to see further shakeouts, and maybe a mother of one shortly.
Time for punters to stop whinging and take a quick peek to see if they've got the gonads, or enough baked beans, to ride this one.
Lynas has two competitors for near term production. Molymess...
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |