Australia's largest stock trading and investment forum Australia's #1 stock forum

LYC

0.39%

$7.75 lynas rare earths limited

Lynas Business Plan, page-24

First 24 Last

Share
Profile

Follow
Dancing

4,792 Posts.

483

11/04/15

12:36

Post #: 15069574
Share

Originally posted by malgmac ↑

I put some numbers together from the half year accounts.

Some have wanted to use the headline $104 mill loss, others are stuck on the cash receipts and payments.
The accounts are the only numbers that take into account the actual sales and expenses for the period reported. Some have suggested the accounts are dodgy. They have been reviewed by the auditors even if a full audit was not done. (that entails doing things like the auditors sending customers and suppliers letters and asking for confirmation of teh amount owed to Lynas or owed by Lynas amongst other more detailed review)
When you look at Lynas accounts you have to include admin as well as they still putting some operating costs in admin.

The accounts also take into account things like seeding phase 2 with Ph 1 production, they move the cost to the WIP or assets account (and they do have raw materials in the assets

So the actual operating loss for Dec half year before one offs was $55 mill
And EBITDA (really the cash cost when you eliminate the timing issues by using accrual accounting, which is the international standard) was a loss of $34 mill

There was discussion about Dec qtr ASP price and I think it was proven that it was low, the company did say they sold offspec stock, so if you used Sept qtr prices for Dec qtr you would reduce the loss by $6.6 mill and you would have an adjusted operating loss of $48 mill or and adjusted EBITDA loss of $27 mill.

So to have an operating break even operation, they need to find at least $48 mill this half.

Price will be one component volume another and reducing cost of production another.

View attachment 56794

Expand

Good analysis Malgmac.

Unfortunately with Lynas there will always be some "one-off" charges.

LYC Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

IMA

Issues emerging as Australian companies tackle critical minerals challenge

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

First 24 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $7.75		Change 0.030(0.39%)		Mkt cap ! $7.244B

Open	High	Low	Value	Volume
$7.71	$7.81	$7.63	$12.03M	1.561M

Buyers (Bids)

No.	Vol.	Price($)
1	6556	$7.73

Sellers (Offers)

Price($)	Vol.	No.
$7.77	3385	1

View Market Depth

No.	Vol.	Price($)
1	2000	7.640
3	20260	7.600
1	3000	7.550
2	2833	7.500
1	2000	7.430

Price($)	Vol.	No.
7.840	293	1
7.850	6064	3
7.870	2000	1
7.890	8800	2
7.900	24269	7

Last trade - 16.10pm 11/10/2024 (20 minute delay)

LYC (ASX) Chart

Lynas Business Plan, page-24

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Lynas Business Plan, page-24

Top Stories

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News