Patersons released an updated research piece with the aforementioned title.
Excerpt
"Despite the doubters, Lynas (LYC) has delivered its first Rare Earth Ore (REO) products to customers. It is currently ramping up Phase 1 of the Lynas Advanced Minerals Plant (LAMP) and Phase 2 is on the verge of practical completion. By the end of this year
we expect that LYC will be producing at a full capacity rate of 22ktpa of REO products. It has more cash than it needs to fund any working capital expansion and we expect that, following the customer qualification testing currently taking place, LYC will be booking revenues next quarter. Lynas will be the first new REO supplier outside of China since 2002. LYC is trading at 5x and 2x
PE on FY2014 and FY2015 earnings. We maintain our BUY recommendation with a price target of $2.08/sh."
"in production. any questions?"
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |