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4.14%

$7.04 lynas rare earths limited

FY16 Financial Report, page-18

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29/09/16

11:29

Post #: 19503182
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Originally posted by nursery ↑

This is a full year financial report to June 2016. It is not a report on what is happening NOW. I expect that a report for June 2017 will reflect the improvements made over recent months. I have faith that the current management will turn this company around through maximum production at a higher quality this current year.

They were not at PEAK performance for the full year reported. The "Calvary" did turn up during the year and threw out a lifeline. That is how I seriously see it. I read the ***** report. I probably read it from a different angle as I have been involved in preparing plenty of these types of reports. the latest this week. It is hard for developing companies to satisfy bean counters. They take absolutely no account of circumstances, future prospects or the value of research and development. AND they have a legal department covering their butt.

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LACAZE stated herself during the last Q, that due to low seasonal demand production will be affected for this current September Q.

I'm expecting the next Q (current) which will be announced late October to have lower production, less revenue and continuance of it's inability to make its interest only (no principle) payments.

LYC Price at posting: 5.5¢ Sentiment: Sell Disclosure: Not Held
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Last $7.04		Change 0.280(4.14%)		Mkt cap ! $6.580B

Open	High	Low	Value	Volume
$6.66	$7.07	$6.66	$29.97M	4.291M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	26836	7.010
4	15913	7.000
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Price($)	Vol.	No.
7.050	6000	1
7.060	19004	1
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7.080	30616	7
7.090	19829	4

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