"'But more than two years later it has yet to hit stage 1 capacity of 11,000 tonnes a year, racked by opposition to the project on environmental grounds and by technical problems. Once it reaches that rate, Lynas will be cash flow positive, CEO Amanda Lacaze, who took the role in June, said on Wednesday.'
So now we have BE at 916T PM. Where is the 750t BE that Eric stated?"
750 was stated to be the point in production where we are cash neutral. This is not the same as being cashflow poistive which is what AL says will occur at 11kT pa
Company has also stated that the plant has run each of the 3 production phases at full throttle, but has been unable to do it concurrently so individually i do not believe that there is a "Technical Disaster"
You sell sentiment may be proven to be the correct view, but the market at the moment seems still to be taking this in its stride.There was no surge in SP towards the production update announcement and no big decline afterwards so I think that current situation has already been priced in. The SP is in a consolidation period and will trade between where it is and 14c until further notice IMO
LYC Price at posting:
12.5¢ Sentiment: None Disclosure: Held
(20min delay)