Other than the cash flow position discussed in some detail, the point that I think has been largely overlooked is the new supply contracts that appear to be signed off imminently. Importantly this would appear to provide greater income stability to Lynas after Phase I....I quote:
"I would also just make one final point on that, it is very difficult to conclude definitive agreements at the moment in an environment where there is uncertainty about the issuance in the license. We anticipate the final issuance of the license should result in more definitive agreement closure quite rapidly."
The comment " We anticipate the final issuance of the license should result in more definitive agreement closure quite rapidly." would suggest numerous agreements are ready to be signed off.
LYC Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
