LYC 0.63% $6.41 lynas rare earths limited

Trading in LYC

  1. 853 Posts.
    lightbulb Created with Sketch. 16
    IMO, the following will ensue:

    1. Sep Qtr update will be out soon, it will be a reasonably good report (think company will be put a spin on anything negative as they are negotiating debt and will like to put a decent floor on share price). Share price will react and will increase.
    2. However, this will prove temporary, I will sell the dips if possible (getting hold of borrowed stock is difficult). Company will do a capital raising in addition to restructuring debt. Capital raising will be done at a significant discount.
    3. Share price will devalue to capital raising price.

    Good luck to shareholders.
 
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Last
$6.41
Change
0.040(0.63%)
Mkt cap ! $5.991B
Open High Low Value Volume
$6.45 $6.49 $6.40 $13.34M 2.079M

Buyers (Bids)

No. Vol. Price($)
2 13384 $6.41
 

Sellers (Offers)

Price($) Vol. No.
$6.42 13471 2
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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