LYC 2.86% $6.11 lynas rare earths limited

hello Nursery, you say you have faith in the company, and you...

  1. 3,237 Posts.
    hello Nursery, you say you have faith in the company, and you faith index is on the rise ..... have you read what the auditor said in the 2016 annual report:-
    ________________

    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.
    ________________

    it is evident to me that the auditor has doubts about LYC continuing as a going concern as a result my sentiment as a Strong Sell is vindicated
 
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