Everyone has their own appetite to risk. If you wait until LYC goes into production, you may have a good profit, but not multi-bagger profit which some people will have ie the one who participated in the capital raising at 45c. Some people are satisfied with 10% profit a year, some people wants double in a year etc.
Now what you guys need to decide is, which one are you? Do you want to take risks by buying stock which hasn't produced anything, but likely to produce due to the cash,deposits etc that we have got? Or do you want to have very small risk by buying them when they have produced something? Big risk comes with a big return. Small risk comes with a small return. This stock I think one of many stocks which has medium risk but big return. Just be careful not to be caught with a stock with big risk but small return.
LYC Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)