People on this bord seem to have short memories. They continue to say how little profits were down even with all the water problems. Last year there were many problems that caused a sharp decline in revenue for Q1 and Q2 2021 So 22is down compared to this. here are a few Quotes from AL in Q1 and Q2 2021
Q1
" The global COVID-19 pandemic continued to present challenges and opportunities for the Lynas business
in the quarter ending 30 September 2021."
"However,
despite the high level of vaccinated staff, increased COVID-19 case numbers in the Kuantan area during the
quarter resulted in the cracking and leaching plant being partially or fully shutdown for 11 days due to the
unavailability of personnel who were required to isolate. We were able to utilise this time for major
maintenance programs. Product finishing of non-NdPr products was also shutdown for 16 days during the
period as we prioritised NdPr production with available personnel. The pandemic continued to affect logistics,
with delays in both inbound and outbound shipments affecting availability of key production inputs and"
Q2
"Shipping delays and disruptions continue around the world and in some cases are getting worse. For Lynas,
transit time for concentrate shipped from Fremantle to Kuantan, has increased from 15 days in March 2021
to 33 days in December 2021. Many supply chains are yet to return to normal and we see this continuing
for some time."
When is Lynas going to have 2 or 3 back to back Qs without making excuses for poor performance?
Al took over in 2014. Can anyone find 3 Qs without major disruptions since then?
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