LYC 2.72% $7.14 lynas rare earths limited

management must be held accountable, page-5

  1. 2,364 Posts.
    Several loads of unsubstantiated garbage WarHorse.
    Just to pick through the last post:

    "If however they can confirm that the plant is finally tracking output to specification..."
    They HAVE confirmed that: 25 custumor approvals and another 25 pending. The current problems are about running to nameplate not the product.

    "they know they are going to run out of working capital, ..."
    They have working capital to around the end of the March quarter even without a single dollar of sales. If they're not up to (say) 50% nameplate by then there MAY be a need for more capital. Or maybe they'd prefer to borrow (up to $80m) as allowed by the Sojitz/Mt Kellett agreements. They are also selling product, albeit at low volumes at the last update. Debt funding requirements are very modest over the next 6 months.

    ".... if the share price has any hope, then they must prove that the plant can work."
    They have. They just need to ramp up the volumes.
 
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