I thought the bottom was mid 70s once when this stock largely traded above $1.
Then the 60s came, 50s, then 45c was the bottom for a long while...
Then it done its time in the high 30s.
Now we are barely hovering 40c. Production forecast for the next (current) quarter is pretty disappointing. Cash burn is really high. What ticks me off the most is lack of any communication. How could they not have reported on the pipes till now?
No cash required in the "immediate future", yea what else could go wrong or has already gone wrong that we will know about later? The $120 odd million doesn't last long...
"Are you happy Eric?" would be the words I would be using too. He still gets his high salary while many long termers lose confidence.
today, page-24
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |