With all the stupidity surrounding a tiny blip in China's REE mining and processing quota, the forum's drama queens seems determined to make us forget the real driver for LYC is REE prices, which are looking very promising.
All but a few of the 100M (10.7%) shorts were sold when REE prices were in a trough. If the REE prices continue to climb, LYC is going to move up again, increasing pressure on shorts to cover.
All current vectors point up.
One-year charts:
LYC has not moved with REE prices consistently; I suspect it is about to and look forward to the weeks ahead, not to mention the years.
With all the stupidity surrounding a tiny blip in China's REE...
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Last
$7.75 |
Change
-0.130(1.65%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.87 | $7.70 | $22.02M | 2.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 4578 | 2 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |