Simple reason With REE prices where they are and Lynas production lagging all there plan The next 6 Qs are not going to be pretty.
Remember KAL is just C&L all its output has to go somewhere else to be Separated purified and turned into Oxides. Lamp is still stuck below NEXT rates but was close in Q3. So how does KAL boost revenue at all if Lynas has no where to process what KAL puts out?
Ann: Becoming a substantial holder, page-8
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