LYC 1.47% $6.88 lynas rare earths limited

Short Squeez, page-2

  1. 1,613 Posts.
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    Ialso find Market dynamics  a much better explanation that China  is out to get them.    China could totally stop Lynas growth if they wanted to.  REO prices are low right now.   Taking actions to lower REO prices even another 5% would kill all Lynas profits and totally disable them from growing or paying debt.  They could also do something like lower Ce and La 10% Lynas biggest volume product and only depress NdPr a % or two, the key component of China's magnet and motors  growth.  Lynas would not go out of business because JARE would support them but it would absolutely stop growth.     Stop growing the SP goes down rapidly.   Stock goes below AUD 1.141  ( USD 1.0  /0.71)    Mt K will want cash for remaining shares in 16 months.     "Conversion Amount is fixed at US$1 = A$(1 / 0.75)"


 
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Last
$6.88
Change
0.100(1.47%)
Mkt cap ! $6.552B
Open High Low Value Volume
$6.81 $6.93 $6.74 $19.63M 2.851M

Buyers (Bids)

No. Vol. Price($)
2 14245 $6.88
 

Sellers (Offers)

Price($) Vol. No.
$6.89 157125 9
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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