The issues at Lamp can definitely be fixed but we need time, how long it will take for the issues to be sorted is out is out of our hands as it depends on luck if they solve it early or late but definitely will be fixed over time. We know United Group Resources built phase 1 and Toyothai built phase 2 so hopefully Toyothai did a better job then UGL and will face less issues when Phase 2 starts up.
Right now at the moment Light ree stocks is definitely out of fashion in Wall street, nobody wants to be invested in it which remind me of Telstra a few years ago at low $2 and now everybody wants Telsta.
The only saving grace for us right now as we speak is that the REE Basket price has risen from the lows of $20 per kg to roughly about $35 per kg and still rising as we speak. All of this is manipulated on the supply side and if and when real demand comes back later in the year will shoot the basket price even higher.
LYC Price at posting:
40.0¢ Sentiment: LT Buy Disclosure: Held
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