Remember this post.
"If you understood Lynasspeak you'd realise that the chances of it being a good quarterly after an announcement like that are very low."
The poster was
wrong I wonder if she has the balls to take up my challenge on the 7th.
The Qtly was again very transparent no surprises a good steady as she goes.
But what of the future. It would seem that the current production levels could come close to achieving the June 30th targets. The targets will become soft due to the commissioning of fourth train and a movement from 75% production to 100% this will occur during the third quarter. To quote the August debt restructure
"Lynas is continuously assessing the appropriate time to start up SX5 Train 4 which is largely dependent on market conditions" I guess selling all the NdPr production within the quarter made this decision appropriate.
I imagine then that the June 16, December 16, June 17, and December 17, targets become redundant. A fait accompli. I guess the Scheduled Repayments and Principle Repayments clauses now become the holy grail.
WELL DONE TEAM LYNAS.
I hope AL and the rest of the management team on behalf of the shareholders take on new targets to stretch their abilities. I am sure that in the spirit of transparency we will be informed of the progress of train 4.
Apart from that there is the slim possibility of LYC being included in the ASX 200 in March currently it would sit about 198. That would be good for the SP
The next 6 months promises to be reasonably solid. IMO small gains in share prices as buyers realise the foundation is strengthening, and fluctuations due to movements in rare earth prices. I did appreciate the NdPr wo VAT USD/kg price comparison with the 12 month Base, a 10 point improvement on the low but still 13 points below Jan 2015, plenty of room for improvement but that is not within our control.
(20min delay)