It brings me back to 2009-2010 when Lynas was facing the strong protesters who are Malaysia Chinese.
As investors, we must be clear the fact that the Malaysia Government is essentially supporting Lynas, The Government just do something to calm the Chinese Community in that area.
They are mostly worry about their house property devalued because of the Lynas's LAMP. The community protest against the construction of LAMP every week.
LAMP was finally constructed and start producing rare earth. Lynas has experienced too much difficulties and hardships and was almost financially bankrupt. but it finally stand up with Japanese strong financial support.
Lynas generate direct near 1000 positions for Malaysia and provide financial aid to the Malaysia fiscal in addition to the $50 Million deposit to ALEB.
That is why the minister of energy, science and environment say she is optimistic they can work out a balanced solution.
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Last
$6.78 |
Change
-0.090(1.31%) |
Mkt cap ! $6.552B |
Open | High | Low | Value | Volume |
$6.94 | $6.94 | $6.76 | $15.83M | 2.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7031 | $6.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.79 | 26798 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 199853 | 2.100 |
10 | 344199 | 2.090 |
12 | 173545 | 2.080 |
8 | 132357 | 2.070 |
5 | 29042 | 2.060 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 132652 | 8 |
2.120 | 195216 | 18 |
2.130 | 132928 | 9 |
2.140 | 133591 | 12 |
2.150 | 426925 | 28 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
LYC (ASX) Chart |