Looks like it's all happening in the US these days. All anyone is talking about is rare earths there. USA Rare Earth and MP are running away with it. I've been saying for ages that Lynas’ balance sheet is crap and they are a one trick pony. Not to mention the big cap raise they'll need to do for the new cracking and leeching facility in WA. They have a ton of debt to Japan and need more money very quickly. They have no real heavy rare earths that will threaten other companies and their dreams about processing in Texas are just that. What Pini Althaus and James Litinsky have done in 18 months is amazing. Lynas needs young blood at the helm who know that collaboration and broad thinking is the way to go, not the same old... US$1.5 billion valuation for MP and USA Rare Earth is heading there as well. Maybe Lynas should merge with one of these companies or Amanda can go back to Wesfarmers on her knees and beg for another bid.
USA Rare Earth & MP
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |