If Lynas is quoting 1.06AUD and it´s almost at its final stage and shorters are still holding by today 6,52% of capital, what are the market prices that should be quoting all those "competitiors" that will not even dream to produce until 2014/ 2015?
Close to "0" because uncertainties? Actually,they are not.
Many of them are not fully capitalized, with no financial or execution plan, even starting to explore new fields.
Regarding LYC, either shorters have more information than the market (which I doubt) or they bet for sure POL is not to be granted or inccur in delay.
Amazing!
I asume that even if POL is postponed, and shorters preasure downwards the SP, those real value investors I guess will even purchase more shares. Or Kuantan plant will be closed for ever? Sincerely, I don´t think so.
Soon or later Lynas will produce. And after revising upwards reserves, I start to think Lynas could reach a PE of 0.77 in 2013.
Good luck to all long Lynas holders! You deserve it.
If Lynas is quoting 1.06AUD and it´s almost at its final stage...
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Last
$6.88 |
Change
-0.040(0.58%) |
Mkt cap ! $6.430B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $7.05 | $6.83 | $13.27M | 1.918M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 966 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 18661 | 4 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |