Do you know any thing at all about US market you should you ae a US citizen. First the absolute do not proceed is to get off pink sheets. To even be listed on the OTC listing, the SP has to be over US $5.00 for at least 6 months. Though not a rule most companies will wait till price is higher for longer because to fall below $5.00 for 3 months means back to pink sheets which is never good for SP.
Next it is expensive look at the companies that are many times Lynas size like Toyota that never leave the OTC. this is expensive both one time and recuring. The company has to make sure every news release is compliant with both AU and US SEC requirements. Look at differences in US and AU Q releases they have to do both.
Toyota is still only on the OTC, toyof.
Stop looking for the silver bullet to raise Lynas SP. There isn't one. The only thing that will raise price is increased Earnings and Revenue. With current production problems and REE prices that will not happen for a while.
Al will have lots of good words about how bright the future looks just like NC use to. Look at numbers and figure out where company is going. Unless you can tell me what will increase Revenue in the next two Qs and profits in AR in August the direction of SP is down. Sort term the biggest in pact to Lynas SP will be the AR. Lat year profits were AU$ 150 M I expect this year they will be less than 65M that will drive the SP lower. Like all recent Qs and ARs YOY will be down for both Revenue and Earnings.
If they had filed to get off pink sheets onto the OTC when they qualified a year or two ago this price fall would have put them back on pink sheets. JMO if that had happened the SP would be lower than it is now. being forced onto pink sheets is never a good thing for SP.
You are correct the S&P is back over US $5000 now., Look at details for every stock that is up over last 12 months 4 are down. This is a very narrow rally and those seldom last.
LYC Price at posting:
$5.70 Sentiment: Sell Disclosure: Not Held
(20min delay)
