LYC 0.48% $6.26 lynas rare earths limited

Technical, page-1467

  1. 7,459 Posts.
    lightbulb Created with Sketch. 502

    one last point where did you see they went up 9%????
    On Friday they were down 4 % Announcement was after close and it will happen on the 27. They did go up 6% in after hours trading. The real measure is what are they at 2 or 3 weeks from now and I doubt it will last.
    I do thank you for bringing this to my attention. I have deep in the money DEC MP Puts. Because they are deep the spread between bid and ask is 30 cents even though open interest is high. The Q release and conference call is fist week in AUGUST. This may be a turning point for MP. They have been very open about how construction is going told us about slip for oxide production in Q1 2022 and how they added a second shift and thought they were back on schedule in Q2. If they are back on schedule to start pilot run in Jan then stock may soar if they are 2 to 6 months late stock keeps falling. I think Monday AM I set up straddle by buying AUG 19 $30 calls for $1.60. If stock stays flat I lose 1.60 cheep insurance. If it goes down I do fine, If it goes up I make a little. It is that or sell the puts at market open. Wait 2 to 3 weeks for things to settle down and then decide what to do.

 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.26
Change
-0.030(0.48%)
Mkt cap ! $5.851B
Open High Low Value Volume
$6.29 $6.30 $6.24 $12.71M 2.028M

Buyers (Bids)

No. Vol. Price($)
5 13629 $6.25
 

Sellers (Offers)

Price($) Vol. No.
$6.27 9053 2
View Market Depth
Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.