In my humble opinion because of this announcement is one reason;
http://www.asx.com.au/asxpdf/20151009/pdf/431yx1c60wq281.pdf
The debt is substantial but covered by their infrastructure and they have a commodity which will be in high demand.
Changing world will be beneficial to LYC.
Lets' see how it evolves
Why I invested money in LYC, page-16
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |