Ann: Quarterly Activities Report, page-38

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Pennie

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30/04/24

05:02

Post #: 73570053
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Originally posted by mikaj: ↑

Pennie, I can only guess you are referring to Mr Narcissist. If not able to read/comprehend/trust what is printed, logic clearly points to a NEW inventory build. We clearly sold most of our inventory prior to this Q during the shutdown, claiming anything else would be saying our half year report was lying and that our production prior to the shutdown vastly exceeded NEXT rates. Neither of these assumptions are true.

Non-LYC data supports this, as my data points to very low sales in January, which progressively increased over the quarter (AU$24, 37, 48M), commensurate with our ramp. If we had inventory, we would no doubt have sold more in Jan (lowest monthly revenue since covid closure).

Furthermore, this is clearly also easily supported by the numbers in the Q: if we assumed ALL revenue in the Q was from NdPr (which it obviously wasn't), NdPr price would have been just AU$58/kg. Hence, if we would have sold all our NdPr we would have done so at a huge discount to spot price (which again, we obviously didn't).

In conclusion, we clearly have built up a new inventory and this post was a waste of my time as it was clearly stated in the report, just as you say Pennie.

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Oh yes, our protector, spending hours to save us from ourselves, even if it kills him. Or, more to the point, us. I just wish people wouldn't rise to his bait. Read, have a groan or a laugh and move on. Or place on ignore. Do not respond. Those people who get sucked in by his Lynas doom and gloom shouldn't be invested here anyway.

Last edited by Pennie: 30/04/24

LYC Price at posting: $6.43 Sentiment: None Disclosure: Held
13 Upvote

1 Great analysis

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