LYC 2.89% $5.69 lynas rare earths limited

my thoughts on why lynas said bye to ntu

  1. JFI
    6,837 Posts.
    lightbulb Created with Sketch. 304
    I just posted this on NTU but it really does show the interrelationship between LYC and NTU. Their futures are tied even if you don't see it.

    I see the space between the dots people.

    ".........Maybe. I sold a little bit today so hedge. Some nice gain for me as I was in again recently at 12/13c. Think I mentioned. Keeping some going for a lil' biut longer and took the profit and chucked some in to reserves for Lynas top up at 15c.

    Hard to know if a smart move but maybe ?

    I'm thinking Lynas sold their stake so they could make the Chinese happy to buy in to NTU and that way the Chinese can get NTU heavy rare earths and give Lynas a break to claw back their price. I think Lynas might have done the stake reduction here to help themselves and not just to get some extra $$$........."


    MTAOO
    ILT
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.69
Change
0.160(2.89%)
Mkt cap ! $5.318B
Open High Low Value Volume
$5.51 $5.72 $5.51 $34.45M 6.117M

Buyers (Bids)

No. Vol. Price($)
5 75089 $5.68
 

Sellers (Offers)

Price($) Vol. No.
$5.70 63441 5
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$5.70
  Change
0.160 ( 3.08 %)
Open High Low Volume
$5.55 $5.72 $5.53 1881896
Last updated 15.59pm 28/03/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.