Well from last week it was evident that LYC was 'moving forward'. I made it clear because of the substantial build up in market debt. To this day this has not abated, if anything it has even increased.
Detractors have been quick to talk it down and seem to be reading tea leaves in the announcement instead of admitting that there is a change afoot here.
I further have stressed this by the 'tiger's" pounce on shares and how quickly the sell side is broken down again and again.
I stand by my earlier assessment that we will see 20c by the end of the month and end of next month it will be above 45c which was I believe the price on the previous SPP.
The fundamental picture has changed and it is time the nay sayers wake up to this.
rubber is on the road
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Last
$5.98 |
Change
-0.090(1.48%) |
Mkt cap ! $5.589B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.11 | $5.98 | $17.19M | 2.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 79108 | $5.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.02 | 17678 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |