All this winning, as we are headed to a $5+ print.
A dividend is the death of this company. Remember when the super fantastic, amazing, CEO extraordinaire, Amanda had to dig in the company pockets when Kalgoorie was coming in over budget. That was $200 million, or 35% of the original estimate. Money well spent, we were told, to get operating in AUGUST, 2023. Now its December, and the place is sitting idle. But, lets not plan for eventualities in future growth.
This board cries daily about the need for higher RE prices. So, why spend cash to expand Mt Weld, simply to flood the market with more RE. That is going to lift prices? Let me get this right. In one post, we cheer Myanmar closing their mines, hoping for higher RE prices, and the next day we cheer LYC for expanding their RE mine.
Soaring EV demand? The entire industry with the exception of the bigoted South African, including the buyers/consumer, are demanding hybrids. Not EV's.
The green revolution is at a stall. Ill see you all at a $5 print, which I suggested 6 months ago. We will see $5+ before we see 7+...
The only folks making money are the Shorters. And this board hates short sellers. The people losing money are the Pumpers. And this board just loves them. Does anyone see a misguided theme here.
2 1/2 years of dead money. Sad.
LYC Price at posting:
$6.41 Sentiment: None Disclosure: Held
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