LYC 2.86% $6.11 lynas rare earths limited

the age article, page-16

  1. 3,981 Posts.
    lightbulb Created with Sketch. 217
    Based on the company teleconference and recent report, i am comfortable that their free cash situation allows them to continue to plod along without tol for another 12 months before a real. Financial crisis hits... This takes us way past the deadline of an election with margin for the month shipping and production ramp up....

    That does not mean i expect it to drag out that long, nor desire it... If, however, it happens, lynas will still be in a situation where it does not need to do a cash raising...

    Sp would have been smashed, and mount kellett may have diluted value, but there is always a price for such a massive delay.

    I have my fingers crossed for a snap election just after the malaysian budget handouts now....

    I have kind ofof given up on a tol before the election, sadly.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.