According to todays PR, Lynas "estimates" and "believes" the commissioning being completed by the end of 2011 with P1 production by the start of the second half of 2012.
Personally I believe, production will not take place before Q1 2013. Time will tell.
Fact is: meeting the requirements costs money and time = more money.
Therefore additional funding is more than likely.
Now let's take a look at the past: generous offers to banks and large investment firms making short term profits with further dilution and a declining sp.
Another vital issue: the details of the delivery obligations / offtake agreements. The failure to deliver in time might as well be very costly. I wonder if Lynas is going to disclose details on that issue.
regards Julia
LYC Price at posting:
$1.81 Sentiment: Sell Disclosure: Held
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