LYC 2.72% $7.14 lynas rare earths limited

Can't believe it, the most important new out today for Lynas...

  1. 3,237 Posts.
    Can't believe it, the most important new out today for Lynas (2016 Annual Report) and nobody wants to comment ....

    Just in case you missed it here it is again - as I would appreciate some of the faithful Lynas shareholders sharing their views on what the auditor said in the 2016 annual report:-

    it is evident to me that the auditor has doubts about LYC continuing as a going concern:-

    Emphasis of matter

    ............ we draw attention to Note 2.2 in the financial report which describes the principal conditions that raise doubt about the entity’s ability to continue as a going concern.


    These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern and therefore, the company may be unable to realise its assets and discharge its liabilities in the normal course of business.

    Sentiment: Strong Sell

    Once again what do the faithful Lynas shareholder think about the auditors comments above?
    Last edited by longtermlegs: 29/09/16
 
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