Ann: Quarterly Activities Report, page-23

What's not to like?

Revenues increased from $88m to $116m, a gain of $28m or ~25% in one quarter.

Cash from operating activities increased from $13 to $42m, and increase of $29m in one quarter.

Lynas hit it out of the park, too bad it was masked by the security deposit of US$23m paid to the AELB. It seems like every time the numbers turn favorable there is something masking the great results, this time it is the AELB. Fortunately there is only $15m total left to be paid in two years...

I really liked Amanda's take on the recent price spike. She made the very good point that the recent price strike served to shake up customers who had become complacent during the period of lower prices... The spike illustrated just how volatile RE prices can be and points out the benefits of long term contracts...

Notable, Lynas is hanging onto SEG until market conditions warrant any more market activity...