Do you ever look at reports from Lynas before talking? Their cash on hand at end of Q3 was AUD 934.2 M If you wanted to round that up to 1B that's fine but 1.2B is a little excessive. it would have been Less than 800 M if JARE had not bought 200M of company stock! So without stock buy it would have been just over 700M https://wcsecure.weblink.com.au/pdf/LYC/02656730.pdf Q2 was 1.02 B, Q1 was 1.02B Q4 2022 was 965,5 B. so how do you come up with 1.2B?
Next you assume 5%, It is very easy to look up what they are actually receiving. In Q3 they received 9M. The year to date number in Q4 was 16.5M. Cash will drop by 200M maybe more in Q4 so JMO interest will be about 8 M For a total of 24M for year. Far different than you inflated pull it out of thin air 60M. Another case of a booster just making things up rather then using analyst of publish numbers to make Lynas look much beter than it is. No wounder you say BUY you have no idea what is going on.
I wounder if when Q4 comes out if you will look at the year to date number and correct you error to the readers of this board? Error that will be at least 2 X larger than what Lynas publishes. My guess is no.
JMO Cash will be down to ~ $500M by end of Q1 2024, Only 3 months away. Will you still be using 1.2 B?
LYC Price at posting:
$6.85 Sentiment: Sell Disclosure: Not Held
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