LYC 2.89% $5.69 lynas rare earths limited

LYCO - money to be made, page-3

  1. 8,880 Posts.
    lightbulb Created with Sketch. 30
    Jan,
    'My thinking; if things go badly shares and options are worth nothing.
    If (IMO more likely) things go well the SP will be well above 9c soon enough and LYCO will rise much more % wise.
    Not advice of course. '

    Your view is valid if, and that is an if, you dramatically reduced the amount of $ on the table in the event of zero worth. If your overall investment is the same then the downside is the same in a bust. If the SP remains under 9c then the shares will have a residual value but the oppies will get to zero by September.

    However as you rightly point out if the shares get to over 11c then the oppies will be in the money by about 2c, which could be a huge % gain on the current cost.

    Recent oppies buyers are almost 100% by volume, now under water with a low today of 0.02c. Many purchased at 0.08c and thus are sitting on 75% down already. At 0.01/0.02 they may represent a risk / value proposition for some punters. With 4.7m traded at 0.02c there were clearly a few sellers prepared to offload at said price.

    It is looking as if the oppies will get to 0.01 in the not too distant future, which may reflect the chances of LYC shares ever getting to 9c within the next year, IMO.
 
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Last
$5.69
Change
0.160(2.89%)
Mkt cap ! $5.318B
Open High Low Value Volume
$5.51 $5.72 $5.51 $34.50M 6.126M

Buyers (Bids)

No. Vol. Price($)
1 169 $5.66
 

Sellers (Offers)

Price($) Vol. No.
$5.70 11000 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (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 29/03/2024 ?
LYC (ASX) Chart
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