I thought we'd make up for Friday's loss with a solid report. But this report beats market expectations. Getting to 6000tpa of NdPr is a huge result, notwithstanding the shutdowns for inspections coming up (quite an expensive regulation really with each 100 tonnes not produced costing $6.4m! Who said Malaysia was tax free?)
I hoped we'd see 23c today, although the day is still young.
Every quarter we look forward to the next quarter, having been delivered a better quarter than the one before. Debt is vanishing, profits are happening, the ASX200 is approaching. I like that for the next few quarters big news stories will hit Lynas.
Annual report to hopefully flag expansion or a pathway to it.
Half yearly will show a profit.
March probably inclusion into ASX200 and conversion complete if not before for both.
June will be 3 months of 1500tpa and an annual report of profit.
September/December 2018 will be the closure of the JARE facility.
SP will hopefully keep climbing and value Lynas as a $2.5-3bn company over the next year and a bit.
Dare to dream of $1 ($10) by 2020?
Ann: Quarterly Activities Report, page-38
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