Ce La production clearly struggling Sep Q which I found very disappointing considering comments from AL in the June Q report.
" Cerium and Lanthanum prices have been steady in recent months, and we expect Cerium and Lanthanum sales to have an increasing impact on Lynas’ revenues as we continue to improve our quality and recovery rates for these products."
Well that didn't happen with both ready for sale production volume and revenue down from last Q and what's worst, at a time when the company really needed to prove its worth.
Looking forward short to medium term it doesn't look like REO prices are going to be a catalyst for increased revenues so it's entirely up to the company to make gains from areas that are under its control.
Will this be enough to give the market confidence in the business which should have a positive impact on the SP?
LYC Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held
(20min delay)