interesting and for sure good short term news. but remember It has a very long way to go. This blip is less than many we have seen in last 2 years. I hope it continues but looking at EV, HEV and wind sales, I do not see anything to keep it going. Also we are less than a week from CNY so that may be a factor for 2 more weeks based on history This chart was updated as of last Friday . taking a multiyear view says a lot.
Thanks for doing good research and clarifying some fact to those who change what they read to only positives for Lynas.
KAL would help but the tax break would be less than a years depreciation on the facility. The depreciation has not started.
Impressive 10%??? Current profits are AUD 0.09 so profits would go up less than a penny to $0.099 which means they would be earning .099 / 7.12 = 1.4% on their share price if you are impressed by this I would hate to see what your earning are on your investments. To make the highest they have ever made, 2022, they would need profits to increase $0.60 / 0. 09 = 666.6 % increase which is a long way from 10%. Think a little more carefully before you talk. Understand just where Lynas is right now. Rember there are 935 M shares outstanding which is a real drag on a company of this size. Also it is a 10 % tax break not a 10 % give back so At Lynas's current earnings not a very big help. Far less than depreciation on KAL.
LYC Price at posting:
$7.06 Sentiment: Sell Disclosure: Not Held
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