The comments were made by Wong Tack who is now in an influential government position. Couldn’t care less who it was reported by.
Lynas has forecast increasing throughput to 25Kt pa by Jan 2019. How do you think the market will respond if they fail to meet that forecast. You think the market will just dismiss it as nothing because UBS has already accounted for a 1 year delay.
Same goes with condisoil approval. How do you think the market will react if the Yeo decides Lynas must build a PDF. Won’t be positive IMO.
Thats great if your understanding is Lynas can achieve NEXT volumes within current regulatory requiremts. There had been absolutely no official communication from Lynas to that effect so you’ll have to excuse me if I take the see it to believe approach. There’s been a lot of hype about what LAMP is capable of over the years, especially from you, and to date it’s been rather disappointing.
Sep Q they are loading up the and Pr separation trains which will probably cause disruptions to production. Hopefully there are no more water supply issues. Not expecting great results Sep Q.
Dec Q usually a low point for REO prices so not expecting great results then either. Basically not seeing any upside SP potential for rest of this year except maybe Mt Weld resource upgrade, if it’s a monster.
In the meantime possible news of a Lynas review, condisoil not approved, must build a PDF, all could add to downward SP pressure.
I believe these are leditimte risks, wether you believe they are offical or not.
LYC Price at posting:
$2.14 Sentiment: None Disclosure: Not Held
(20min delay)