LYC 1.16% $6.98 lynas rare earths limited

technical, page-3

  1. 1,056 Posts.
    lightbulb Created with Sketch. 467
    Its been a very frustrating ride. The stock certainly does and has favored the downside. And I certainly get how the SP seems to track the worst case scenario from a technical perspective. Nevertheless, I genuinely feel that we are on the precipice of something big:

    - As you highlighted we have a great CEO who is doing a brilliant job
    - Anti-china sentiment has never been greater = US dod contract and possibly greater recognition from other users of RE as a result
    - Building of a plant in Kal WA and in USA through blue line venture = which will in turn lead to greater efficiencies in production and higher targets / and or will lead to greater relations in Malaysia from a business standpoint
    - Rare earth prices have been suppressed by china, as the production chain and users expand. So will the underlying price of RE
    - Use of RE in battery and alternative energies. As we see there is a push for cleaner and more efficient vehicles which currently are heavy polluters (can be seen as California and other states move towards zero emissions) - https://www.capradio.org/articles/2020/06/25/california-passes-the-nations-first-electric-truck-standard/

    If you are long-term holder like me. I know it has been a slow grind. But there is blue sky above these clouds.

    GLTA
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.98
Change
0.080(1.16%)
Mkt cap ! $6.524B
Open High Low Value Volume
$6.91 $7.00 $6.90 $36.21M 5.198M

Buyers (Bids)

No. Vol. Price($)
1 56 $6.97
 

Sellers (Offers)

Price($) Vol. No.
$6.99 175914 10
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
$6.97
  Change
0.080 ( 0.67 %)
Open High Low Volume
$6.93 $7.00 $6.90 639194
Last updated 15.59pm 16/05/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.