One month delay is the delay from latest schedule which is only a month old. The original schedule was full production by June 2023 And that is why Lynas was so happy with the schedule announced 3 years ago, https://wcsecure.weblink.com.au/pdf/LYC/02207510.pdf Go back and read or listen to Q3 CC.
Here is what Lynas said in Q3 report A highlight of the quarter was the renewal of Lynas Malaysia’s operating licence for three years to March
2023, as announced on 27 February 2020 https://wcsecure.weblink.com.au/pdf/LYC/02224842.pdf
It always amazing to me how fast up rampers forget the goals and promises made in past and only the latest change to thode goals. KAL is now costing about 750M all four products were suppose to be under 500M yet people still say they are in budget.
• A $500m capital plan self-funded with the ongoing support of JARE See page one of https://wcsecure.weblink.com.au/pdf/LYC/02107222.pdf
So why are you not more upset with the schedule slips that have occurred. Is it because you do not remember what was originally said.
The slip is probably over 6 months original was full production in June now it is very questionable how much production they will have in Jan 2024.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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7 | 225 | $8.88 |
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$8.91 | 24100 | 1 |
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1 | 80 | 8.850 |
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Price($) | Vol. | No. |
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8.930 | 200 | 1 |
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