741t produced 409t shipped (sold) for the qtr. approximately the same volumes were produced in the month of December as the month of November. If full production was achieved by Dec 31 as Lynas estimated they would do, why was volume of Nov and Dec similar? There should have been a measurable difference between run rates of Nov 1 and Dec 31 reflected in the production numbers if the plant was fully ramped Dec 31.
It is not unreasonable to believe Lynas missed their ramp up to full production estimate again. If true, they offered no explanation why ramp up has fallen short of their stated expectations, as is their historical pattern. Noticeably absent was confirmation that Phase 1 was fully ramped as of Dec 31.
The exuberance demonstrated on HC regarding the Jan 6 update may afford another quick pump and dump opportunity for traders as has happened in the past immediately following Lynas statements, reports, or updates.
The good news would be if dollars per kg sold was high, likely IMO, but an unknown for now. Unfortunately, 409t sold for the entire qtr is very weak volume. Can shipments spike dramatically in this qtr? Possible, but this company has never surprised to the up side.
Need to see better numbers, assuming cash will hold out until better numbers are achieved; it may and it may not.
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