Waitea minute this is one of the few things we agree on. My position is ifchina wanted to they could lower prices a little more and choke Lynasprofits. No profits no money for growth. Since theyhave integrated so much vertically it would only hurt them a little. Lynas is close to break even at these prices. No profits nocash to promote growth. I do not believe china would do this theyneed Lynas growing to have that viable second source. If you want to argue with the 5% that’s fine, I would not argue if you raised it to 10%. Disagree but could not make a solid argument. I think if prices do not improve in next 60 to 90 days, depending on what you think contract lag is, We will see that profits are pretty thin at these levels with yearly report. We will have an idea in 60 days with Q 3 report and know for sure in 6 months with yearly report.
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Waitea minute this is one of the few things we agree on. My...
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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. |
---|---|---|
$6.89 | 157125 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 29/11/2024 (20 minute delay) ? |
LYC (ASX) Chart |