.y. , you are hell busy shorting this stock and creating panic among LYC shareholders, ey!
"Costs exceeding cash inflow" - that is not correct. The s/p is rising mainly because March production costs were lower than production revenues for the first time while LYC production is increasing as well as REE prices. So, according to the quarter announcement, we should expect only a loss of less than 9m (debt interests to be paid) for the June quarter and, by the way, that amount of cash is still available to LYC as they could exercise the option included in the last debt agreement.
Furthermore, watch out! REE prices and demand will sharply increase from May onwards. Hence, whereas the current situation for LYC is not rosy yet, surely a CR is less likely than yesterday...
Ann: Quarterly Activities Report, page-28
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Last
$7.80 |
Change
-0.090(1.14%) |
Mkt cap ! $7.290B | |||
| Open | High | Low | Value | Volume |
| $7.85 | $7.94 | $7.77 | $14.33M | 1.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5039 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 6633 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |