I think it is because of declining revenue and profits. Now declining REE prices are part of that for sure probably more than 50%. But Lynas losing market share consciously is also a big part. Even with Texas complete and everything going smoothly their market share will drop from 12 % to less than 8 and that is a big problem. Original name plate 10 years ago was 6 Kt NdPr. NEXT completion in 2018 2019 was supposed to be 7,200 tons Look at chart below and tell me if you think we should believe Lynas on future volumes or wait till we see proof. I will wait for proof. If you want to believe that's up to you. Yes there have been problems. Is it not the job of management to plan for problems and meet their own predictions.
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Deciphering Lynas, page-905
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |