m87, with respect I strongly suggest you spend a little time on the macros, global supply/demand and the attaching sentiments, which are still developing. The Lynas business plan precedes the bubble spike by several years but it's still very much caught up in the sentiment that is yet to wash thru the system. Unlike Moly, Lynas has stuck to its business plan but will be tarred with the same brush until it can substantiate its difference with hard earnings. In the meantime Lynas can derisk by getting thru the election period with no industrial mishap, meet customer specs on initial production, commission S2, get S1 to steady state and hopefully go someway to proving it's offtake agreements are largely intact with July earnings. That may go someway to improving sentiment but I doubt Lynas will fully rerate until a successful 12 months earnings Ann FeB 14. ROW RE's are in the toilet, and about to be flushed.
LYC Price at posting:
62.5¢ Sentiment: LT Buy Disclosure: Held
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