Wanga -
The balance sheet says that they are not even close to cash flow positive for the quarter!
REE prices may have been higher last Qtr but LYC,s ASP was not! Possibly due to production quality issues?
If the month of March was cash flow positive (btw data not provided by the company to substantiate this claim) It may just be an aberration not the norm. This sort of thing was supposed to have occurred last December too, but now reportedly that isn't true!
I would need to see an audited report these days before I believed these sorts of utterances with out the cash balance supporting the claim.
$15 asp, page-11
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$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |