This last bout of panic selling of LYC should see a bottom for the SP IMO and once the TOL is issued, albeit with some new conditions, that the SP should
shoot back to $1+.
Once protests against the movement of concentrate both in AUS and Malaysia
subside, the SP should then move along according to fundamentals as
product costs and revenue are known.
Since the granting of the TOL many HC posters have refused to recognise the
risks which have played out in the interim and have engaged in concerted
postings designed to humiliate and mute those who expressed concern
regarding these risks. Let's hope now that this kind of personal abuse is
behind us and that mature investors will get on with investing and, on HC, fairly
commenting on the stock rather than abusing the messenger.
If there is a lesson to be learned from the past 6 months by those long on
LYC it is that they should consider fear as a moderator of greed and that
with high reward goes high risk and that as an investor the only one to
blame or praise in the investing game is oneself via one's buy/sell/hold choices.
To reiterate, IMO LYC should now see the SP revisit $1+ and progress from there as the company is further derisked (protest against the shipping of concentrate & Chinese monopoly pricing etc).
The benefit of a tax break in Malaysia has always been accompanied by this country's soverign risk so why crib?
With kind regards
Moorookamick
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$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | $7.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.61 | 6808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | 7.570 |
1 | 11246 | 7.560 |
6 | 38066 | 7.550 |
2 | 16385 | 7.540 |
2 | 20557 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.610 | 6808 | 1 |
7.620 | 15790 | 6 |
7.630 | 15744 | 2 |
7.640 | 35166 | 3 |
7.650 | 21186 | 2 |
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