Can't believe it, the most important new out today for Lynas (2016 Annual Report) and nobody wants to comment ....
Just in case you missed it here it is again - as I would appreciate some of the faithful Lynas shareholders sharing their views on what the auditor said in the 2016 annual report:-
it is evident to me that the auditor has doubts about LYC continuing as a going concern:-
Emphasis of matter
............ we draw attention to Note 2.2 in the financial report which describes the principal conditions that raise doubt about the entity’s ability to continue as a going concern.
These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business.
Sentiment: Strong Sell
Once again what do the faithful Lynas shareholder think about the auditors comments above?
FY16 Financial Report, page-19
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