Quite right Timmo
I decided to buy some beaten down AGO shares the other week on a recommendation.
Much simpler than LYC. Mining in Oz. V simple strategy: Dig iron ore out of the ground and sell it for at least $30/tonne profit. 10,000 tpa. $300m profit p.a. 900m shares only, and $460m already in the bank. No fear of CR. The SP should be $3.00 based in these figures.
Lynas has many challenges, least alone tying to sell 22ktpa to somebody, somewhere. Iron ore is simply mined, shipped and sold to China. Much easier and no pipes to worry about.
Guys, try looking at other beaten down stocks. Makes life a bit easier.Hedge your bets.
three mining stocks ready to take off, page-7
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |