LYC 1.30% $7.61 lynas rare earths limited

broker report from jp morgan, page-6

  1. 106 Posts.
    lightbulb Created with Sketch. 25
    It is good news but I'm a bit mystified how they could rerate the stock up by only 31% when the following has happened since their last report
    - 3 months closer to production and by the recent announcement still on budget in time and funding
    - basket ree price has doubled!!
    - more customers
    - further restrictions on quota from China
    - more hree's in resource/reserves

    Maybe its just me!

 
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