Lots of dreaming about what the silver bullet might be to move up stock price. Lynas is in trouble on all plans both cost and schedule from the 2019 plan. Yet people keep wanting them to take on something new. Does not make sense to me. When Q1 comes out people will realize just how fast a company can burn thru A$1B just finishing current projects. If they take something like Niobium before these project are generating cash flow, JMO in 2027, how much will stockholders have to be diluted to finish 2019 and start this? Great for dreams, does it make business sense?
Now 2004 NC was in charge who among other things wanted to sell Lynas to Chinese's . We have seen over last dozen or two years that NC embellished a lot. Looking at the last two drilling reports under AL I see no mention of Niobium. If it was worth what was claimed in 2005 wouldn't it show up on a report. also should it not have been worked into the 2019 plan? here are the last two drilling reports. https://wcsecure.weblink.com.au/pdf/LYC/02494272.pdf https://wcsecure.weblink.com.au/pdf/LYC/02314009.pdf
LYC Price at posting:
$7.22 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)