FACT: "Some people" had a VERY strong belief in Lynas one or two or three years ago when there were a lot of uncertainties (Recall: TOL issue, Anti Lynas rallies, campaigns and several court cases including appeals etc, Malaysia election, Lynas was used as a political football in the election campaigns by opposition, Phases 1 and phases 2 commissioning and start up, production problems etc, decline in REE price etc). However, "those people" kept chasing the shares although the SP had gone up to sky. Why?
IMO: Today, Lynas is significantly better position than one or two or three years ago (Lynas is in production. Lynas is presently in business (REAL), there is a sign of Rare Earth price recovery (China may impose heavy tax on Rare Earth export, this may increase Rare Earth price http://www.miningaustralia.com.au/news/china-considering-rare-earth-export-tax-increase), $30 million working capital, Lynas has given signal that the maturity date of debt will be extended to June 2016 etc).
Ironically, "those people" have lost their confidence in Lynas. In contrast, "other people" begin to see a light at the end of the tunnel. Only "those people" know the answer.
If "someone lost his or her money in stock, he or she must blame himself or herself. Why? Gain or loss is in his or her own hands.
DYOR. Gain or Loss is in your own hands.
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FACT: "Some people" had a VERY strong belief in Lynas one or two...
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Last
$7.89 |
Change
-0.130(1.62%) |
Mkt cap ! $7.374B |
Open | High | Low | Value | Volume |
$7.97 | $8.02 | $7.86 | $27.21M | 3.442M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12329 | $7.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.90 | 8744 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12329 | 7.860 |
7 | 47641 | 7.850 |
2 | 20556 | 7.840 |
1 | 12401 | 7.830 |
4 | 25523 | 7.820 |
Price($) | Vol. | No. |
---|---|---|
7.900 | 8744 | 2 |
7.920 | 13701 | 3 |
7.930 | 16149 | 4 |
7.940 | 12401 | 1 |
7.950 | 17929 | 5 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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