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$5.98 lynas rare earths limited

Investors should always show caution. Yes.

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Prospekta

2,317 Posts.

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15/03/24

06:20

Post #: 72896544
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Originally posted by ContraryJ: ↑

Every one seems to love government support. I assume that means people realize this sector cannot support itself with out handouts from rich Unkle. Governments are fickle and change rapidly. If the company cannot support itself without help does that do not mean Investors should be showing lots of caution.You draw lots of links to old MCP. which is dead and buried. Maybe you should take some time and look at what this says about Lynas.
I think an important point is in the MS comment.

"This decision comes amid concerns over the near-term supply and demand dynamics in the market for neodymium-praseodymium (NdPr), which are key elements in manufacturing permanent magnets used in electric vehicles (EVs) and wind turbines."
So they drop support for MP because of concerns about the long-term future of REEO prices. If you agree with MS should that also not be a major concern for Lynas?

A while back you were buying MP. I posted that I was buying PUTS. Price dropped strongly I think you are still upset with your decision and want revenge. Unfortunately Revenge never helps only careful analyst of what you got wrong. I would not touch any Stock in this sector at this point.

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Investors should always show caution. Yes.

LYC Price at posting: $5.82 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $5.98		Change -0.080(1.32%)		Mkt cap ! $5.589B

Open	High	Low	Value	Volume
$5.97	$6.02	$5.90	$19.37M	3.252M

Buyers (Bids)

No.	Vol.	Price($)
6	116965	$5.97

Sellers (Offers)

Price($)	Vol.	No.
$5.99	179	1

View Market Depth

No.	Vol.	Price($)
4	89637	5.970
2	42046	5.960
4	40648	5.950
6	75030	5.940
3	1010	5.930

Price($)	Vol.	No.
5.990	179	1
6.000	9926	2
6.010	22926	4
6.020	18668	3
6.030	18668	2

Last trade - 16.10pm 26/06/2024 (20 minute delay)

LYC (ASX) Chart