"As stated the only fixed price contract is a LOWER price contract with Rhodia as consideration for their technical contribution and it forms only a part of the original offtake agreement. This was confirmed by NC, Nov 10 Investor Call from memory.
Apart from that the following is completely nonsensical because the basket "before the LAMP was built" was $10.32.
"lynas has already presold contracts with fixed basket prices before the plant was built so current basket prices are irrelevant due to fixed price nature of contract, i don't have exact contract price number (maybe antoher poster can help) but remember that is was significantly higher.""
How on earth do you mangle that to the following where the year is wrong, the price is wrong and the intent is very, very wrong?
Malicious or otherwise you really need to have a good think before posting. This garbage is certainly no "quote" of mine:
"To quote another poster ausheds, Lynas signed an agreement with Rhodia in 2007 with basket price of $10.70,, and Lynas would still make a profit from that value, compare this now with basket price of $40 I.e. nearly four times!!! So current prices mean lyc is very profitable!!"
LYC Price at posting:
60.0¢ Sentiment: LT Buy Disclosure: Held
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