You know, if you correlate LYC's SP movement over the ytd it compares very closely with AGO's movement. They have both lost around 40% in that period and had similar bumps up and down. AGO is a pure play iron ore miner and its SP has been subject to declining iron ore prices but notwithstanding that, if you look at the fundamentals of its business it is in a good position when/if iron ore pricing lifts.
What's my point? That if you are long and believe in the fundamentals and that the global economy isn't going to fall off a cliff then the current SP fall is an opportunity, not a disaster.
try not to panic-"tol. issue in the near term", page-5
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |