LYC 1.31% $6.78 lynas rare earths limited

Interesting read, page-4

  1. 38 Posts.
    lightbulb Created with Sketch. 6
    Malaysian PM warns Philippines against foreigner influx, meaning Chinese workers and Chinese loans. He also pleads for a free navigation over the South China Sea. Apparently Mahathir is clearly distancing itself from its predecessor, Najib Razak. He also is renegotiating some previous deals with the Chinese and cancelled some deals. 
    And what to think of this statement;
    "We have a proper definition of what constitutes foreign direct investments. It is all about bringing in capital, technology, employing our people and improving contributions to the economy. But foreign direct investments should not involve bringing huge numbers of foreigners to live in the country because that might disturb the political equations in the country," he said.
    IMO he is distancing from China and regarding the above statements I expect him to solve the current Lynas problems in a gentleman's way, thereby addressing and correcting some uneducated and immature actions of a few members of his cabinet. 

    Have a look at: 
    https://www.straitstimes.com/asia/se-asia/beware-of-china-debt-trap-malaysias-mahathir-tells-the-philippines
    https://www.thenewstribune.com/news/nation-world/article227230974.html
    https://www.scmp.com/news/asia/southeast-asia/article/2189021/influx-chinese-nationals-could-disturb-political-equations
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 28/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.