LYC 2.37% $7.78 lynas rare earths limited

Cheers pete for the post and details.It's no one issue that...

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    Cheers pete for the post and details.

    It's no one issue that Lynas has to contend to keep operations running with no/minimum disruptions with all be it a massive one. Sure I am disappointed no ramp up from 75% however that 75% people is a whole lot better than 0% because the company has run very strict protocols and management of covid. One delivery driver - one employee can shut the operations for a period. So 75% and 60 million profit is a huge effort under the circumstances.

    The market will of course play on things to drive the price lower for self serving benefits - accumulation. As we know there a plethora of issues they can exploit or single out however given the circumstances this is a very satisfactory report and growth on other projects progressing on time and budget. The key factor the market will be playing on next will be reo prices - we don't control that so as we look forward to another quarter with increased production (yes product was down - a dip that happens to the best but it's average overall that matters - not one quarter) and prices holding very firm across the product range - another superb report in leiu with another 60 million plus in the bank. What are looking at roughly for financial year 180-200 million - not to shabby under circumstances along with so many other growth areas on other projects - all running to schedule and on budget.
 
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$7.78
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