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Cosmoterios

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29/09/14

18:08

Post #: 14045031
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Originally posted by sydney ↑

Cosmoterios said:
They have provided "no plans" on how to cut costs or increase sales, or both.

To the non-holders, shorters and naysayers, cease blabbering nonsense, making false allegations and read the business update without cherry-picking statements to suit your agenda.

PLEASE READ PAGE 12 IN THE COMPANY'S BUSINESS UPDATE

LAMP is the world’s largest and most modern Rare Earths separation plant, located within a cost competitive industrial and petrochemical estate • LAMP is fully operational and has achieved four successive quarters of strong increases in production and sales and is on track to achieve a fifth • The transition of leadership is complete and realigns priorities to shift focus from production volume to quality and value of production • The difficult operating period has led to the creation of a leaner, smarter approach – simplification of the Company’s operating structure and reduction of input costs has resulted in $16 million in annualised cost savings in just four months • Lynas has strong engagement and relationships with major customers – Japanese customers continue to grow, currently representing 60% of sales.

It is quite clear, the production is increasing, the company is focusing on quality products, the Japanese are buying 60% and in just four months, AL has managed to save $16m of operating cost and further $10m as a result of contractors's contract renegotiations.

Time for Lynas holders to stand up, at least the company has survived and managed to get the refinance in place.

My opinions and thoughts, not an investment advice.

DYOR

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This only suggest even with savings of $26M, they still burned through an additional 40M new cash per quarter

Last edited by Cosmoterios: 29/09/14

LYC Price at posting: 8.6¢ Sentiment: Sell Disclosure: Not Held
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