LYC 2.37% $7.78 lynas rare earths limited

Brokers want you to buy they make money when you buy. Since most...

  1. 7,711 Posts.
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    Brokers want you to buy they make money when you buy. Since most people (usually without even knowing it) have Margine accounts the broker also has many opportunities to make money while holding your assets. Do you think this causes any conflict of interest?

    You did not give link for report I will. https://www.xm.com/research/markets/allNews/reuters/australias-lynas-rare-earths-gains-macquarie-lifts-pt-by-3-53899754

    Not one solid reason why. not one solid reason for stock to go up. A totally misleading statement about KAL lowering cost. Supplies Utilities Labor and depreciation will all be much higher at KAL than Lamp. If you think this is a good recommendation which you must because you posted it. go out and buy all you can and see what happens.


    Here is a cut and paste of entire report what do you see as solid reasons for buying?

    ** Shares of Australia's Lynas Rare Earths LYC.AX rise as much as 1.3% to A$5.91

    ** Analysts at Macquarie raise price target on the rare earths miner by 3% to A$6.80, a 15.1% premium to stock's current value

    ** Brokerage says it believes Lynas should command a premium over the market reflecting its processing capabilities

    ** Says cost performance at co's Kalgoorlie facility is the near-term focus for the world's largest rare-earths miner outside China

    ** Macquarie awaits further details on the ramp-up of the Kalgoorlie facility and co's FY25 production outlook, maintains "outperform" rating on stock

    ** Stock had fallen 18.6% this year, as of last close



    BOL
 
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Last
$7.78
Change
0.180(2.37%)
Mkt cap ! $7.272B
Open High Low Value Volume
$7.45 $7.92 $7.41 $46.84M 6.050M

Buyers (Bids)

No. Vol. Price($)
1 1000 $7.75
 

Sellers (Offers)

Price($) Vol. No.
$7.81 77676 2
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
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