Possible top up from Gina as current projects being developed are over budget and time on labor shortages and inflationary issues. Yet we are again in a favorable location and timing to say that of Lynas current Kal plant being built.
Not forgetting the current works and bankrolled to tune of 100 million that would have been in the initial costings that will be complete making readiness for major works to begin - which are all being progressed with many larger ones already appointed and long lead items ordered.
SP will do as it does - through the shorts - the pip traders will get hold and be in and out on news ann's etc - SP will snuff them out on binding ann releases and the next quarterly showing project site progress - major contracts finalized - further and final cost saving initiatives as advised last quarter. This is a great ann and well done to management.
Shorts show another dip Tue 13th JUNE after Monday public holiday to 2.35%. They'll be thin in a few weeks perhaps as imminent BINDING ann's are looming fast. Anyway about 50 million shares currently so no big deal. The trend going down is the big deal as that is a very strong guide to market - SP.
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