Either you haven't read and understood the annual report or you are providing a misleading response.
Kindly refer to note 10 on page 57 of the annual report.
The write down of phase one assets is a readjustment to reflect accurate replacement cost. In effect, the hard and expensive lessons learned during construction of phase 1 meant that phase 2 cost $190M less to build. By all means whinge about the expenses associated with learning to build a state of the art rare earth plant but the fact remains the lessons were learned well enough to save the company $190M when they built phase 2.
- Forums
- ASX - By Stock
- LYC
- Ann: Annual Report to shareholders
Ann: Annual Report to shareholders, page-28
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.10 |
Change
-0.195(3.10%) |
Mkt cap ! $5.692B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $9.529M | 1.558M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 11319 | $6.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.10 | 12061 | 39 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 8184 | 6.100 |
25 | 24290 | 6.090 |
19 | 48563 | 6.080 |
16 | 36293 | 6.070 |
13 | 42264 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.110 | 26414 | 57 |
6.120 | 42163 | 30 |
6.130 | 33266 | 16 |
6.140 | 31026 | 10 |
6.150 | 85485 | 6 |
Last trade - 13.45pm 02/08/2024 (20 minute delay) ? |
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
LYC (ASX) Chart |