LYC 0.31% $1.63 lynas corporation limited

How low can it go?

  1. 777 Posts.
    How low can this go for LYC? There's lot of support at 4.2/4.3c level.
    Not too sure how this will play out but I just cannot see LYC going without another capital raising sometime this year. With 80mn due this year and >$300mn next year, something gotta give. I agree that there might be some sort of extension to the Sojitz facility but I'm sure they will like to get back as many payments as possible to lower their risk, hence further pressure on LYC to come up with payments.
    With REE demand sluggish and LYC at the wrong end of REE products (plenty of light REEs available), cashflow will be hard to come by. If they go to shareholders for more money, which I think there's no other option it wont be received well (understatement). CR will be done under 2c IMO with plenty of options issued, and I think this time round it wont be fully underwritten given they have been burnt too many times.
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Mkt cap ! $1.081B
Open High Low Value Volume
$1.62 $1.66 $1.61 $3.846M 2.366M

Buyers (Bids)

No. Vol. Price($)
4 59975 $1.62

Sellers (Offers)

Price($) Vol. No.
$1.63 54239 3
View Market Depth
Last update - 16.10pm 22/03/2019 (20 minute delay) ?
-0.005 ( 0.15 %)
Open High Low Volume
$1.64 $1.66 $1.61 526216
Last updated 15.59pm 22/03/2019 (live) ?
LYC (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.