Yes, it's been a great shorting opportunity since the recent high on Dec 6. HOWEVER that's just ST game playing.
The reality is that LT holders should have done their research and know that fundamentally this is one of THE great stocks of the ASX.
All this garbage about conspiracy theories re China etc are just that garbage....soon our theorists will start to delve into the 'New world order' extremism.
As far as all the other negative factors highlighted, yes its important to get these views aired, if for no other reason than then allow us to re-evaluate why we are in this stock and presumably discredit the negatives (assuming we can) and stay in the stock.
The only ST negative I saw on the horizon was a statement made by the AELB (I think in late Nov) that the POL was a 7 months process. However this was not clarified to determine when the 7 month period started....But, having said that, Lynas was aware but did not respond to the statement, so maybe it's s non-issue....The point being this is as bad as it gets.....which is'nt too bad at all IMO.
As for myself, I see the last couple of days in particular as buying opportunities.
Interestingly the lynasandmalaysia website states that Lynas will be exporting RM$8 billion (A$2.5 billion)worth of product (I assume annually.)
With annual sales of $A2.5b and a low cost of goods, don't expect to buy LYC at around these price levels once production ramps up.
We are looking at FMG revisted here IMO.
- Forums
- ASX - By Stock
- LYC
- short of the year
short of the year, page-12
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | 6.900 |
3 | 15610 | 6.890 |
5 | 33363 | 6.880 |
4 | 23308 | 6.870 |
3 | 16510 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 2500 | 2 |
6.940 | 4182 | 4 |
6.950 | 19265 | 4 |
6.960 | 11510 | 2 |
6.970 | 43260 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |