I am sure that Gebeng is a Malaysian company and thus is either completely or majority owned by LYC Australia. This is the way business is done.
There are no hidden caveats. No rabbits up sleeves. It is simply the way corporations do business.
Australia has basically been inactive as there are 15,000 tons of concentrate ready to ship with 750,000 tones of ore waiting to be processed. At the current rate they don't have to dig a kilo of ore for at least 3 years. Once Phase II comes on line, maybe 2 years.
Lynas is shaping up pretty much as they have promised. That they are predicting a profit is a huge market indicator.
lynas sees good returns from gebeng plant, page-38
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Last
$7.88 |
Change
-0.210(2.60%) |
Mkt cap ! $7.365B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $18.89M | 2.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2122 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 19791 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |