fa on lynas, page-32

Senaris,

Why are you continously baited by this fool?
He doesn't even understand what he is typing out himself much less what anyone else is saying.

I was talking about 25 product customer specs in response to a query by an earlier poster as to what this meant and he rants on about "if and when" blah blah blah.

I know what this means. I spoke to the company about this. That is exactly what I was told. Different purities demanded by clients across the 7 or so Oxides/Carbonates. That is all it means. Eg Ce 99.0%, 99.5%, 99.9% and 99.99% is four different products. WHen this statement was made in a previous announcement by Lynas about 25 customer product approvals RECEIVED (not pending, not when not if), this is the context in which it was meant. I think only Ausheds to my mind grasped the significance of this. It ain't easy tweaking your output like this in an efficient manner for different purities etc. The LAMP is state of the art.

It wasn't even relevent to my subsequent point. Additionally the 25 customer specs we ended up all referring to is in the past tense and he/she is acting like its pending.

I had him in mind when I said many simply don't understand Lynas business. Ne'er a truer word spoken IMHO.

Every kg of the first 11kt or part thereof is to customer specifications. It's made to order. Lynas isn't producing to stockpile and place on the spot market except up to 1kT of phase 1 (previously stated).

Additionally, every kg produced up to the 11kt needs to tested and acceptable to the client before delivery. Its made to order.

Customer qualification is ongoing for all output. Its part of the business model, part of RED Brand. It doesn't happen once only.

What that does mean, is that ready for sale means just that. It's not out the door for any number of reasons, could have been the floods, or it could have been made in the last week or two of December and simply hasn't been shipped.

But given the above what do you think "ready for sale" means and why do you think its in inverted commas when lynas announces thusly.

If you are still holding Lynas come the April quarterly report, please get used to seeing tonnage held over. There will always be tonnage held over in inventory, just like in accounting you have closing and opening balances.

As for testing (choose your price and place it here). I simply don't care. I'm not margined, I am not short, I am not geared in any way.

Price is what you pay value is what you get.

Too much deliberate obtuseness and low blows in the forum.


As for Ramp up to nameplate, well if Eric isn't quizzed about it in a few weeks or else doesn't confirm, you will need to wait til 31 April for the end of March numbers to see that (or if) 2700 odd tonnes is produced.

Either way patience is required.
Patience is a lot easier than correctly timing an exit and and entry.

Cheers and good luck