This stock is held back because of the fundamental reason that it will be very hard for the company to produce commercial quantities of REE at competitive prices. The Malaysian government have forced rules on the company that will make it next to impossible for them to compete with Chinese suppliers. I would actually argue that unless you see a significant increase in REE prices then Lynas will find it rather difficult to be profitable and if they cannot make profits the share price cannot recover.
why is this stock been held back?, page-19
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Last
$6.53 |
Change
0.185(2.92%) |
Mkt cap ! $6.094B | |||
| Open | High | Low | Value | Volume |
| $6.44 | $6.55 | $6.43 | $6.111M | 939.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 3093 | $6.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.53 | 50588 | 42 |
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| Last trade - 14.03pm 04/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |