"The issue is - the basket price has fallen from $92.20 in Q1 to $51.87 that's a 43% drop. The shorters know the basket price will fall even more when Lynas start producing ... "
Should not this reason.
For example, the RE average price had fallen to $9.91 in Q1 2009, but LYC's SP was near A$0.70 and no LAMP.
if Q1 2012 to $51.87 that's a 424% rise, and added a completed LAMP, How to explain the current LYC's price?
So that now the SP is far underestimate value.
why sell of, page-26
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |