LYC 0.63% $6.41 lynas rare earths limited

There's a huge amount of vacant space inside the heads of SMSL...

  1. 1,146 Posts.
    lightbulb Created with Sketch. 1
    There's a huge amount of vacant space inside the heads of SMSL and Malaysian ministers which would serve as an excellent Permanent Disposal Facility for Lynas' waste. Their thick skulls would also ensure that any radioactive material is well contained.

    Ultimately, Lynas have 7 months to sort out the PDF unless the Malaysian government shifts the goalposts again and suspends the TOL until a PDF is located, which is a definite possibility given their track record. Obviously lots of brown paper bags changing hands and the fear factory is working overtime to ensure the speedy transfer of shares from weak to strong hands. The deluge of news articles over the waste issue is the exact same tactic used to drive the SP to 56c for the first time in September, then TOL is issued the next day, pretty sure the pros weren't caught off guard by that and magically the volume on the noise surrounding the waste issue was turned right down. Looking forward to next week, could be some great buying opportunities, maybe a shakeout into the mid-40s.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
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
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.