LYC 0.34% $5.93 lynas rare earths limited

lyc announcement - project update, page-8

  1. 1,714 Posts.
    lightbulb Created with Sketch. 44
    Refer my post 10/2

    QUOTE
    Now to LYC......the directors stmt re $55m in bank is SPIN - we don't know how much of this will need to be used for the $80M in development cash payments scheduled for March qtr!!

    HC posters need to smarten up - they can't just switch off major contracts (well maybe they can in this market) that have progress payments following IN ARREARS of the work done.....the true AVAILABLE cash will be lower
    END QUOTE

    People on HC blindly quoting the $55m number - Smarten up; simply put :they had bills to pay.

    I bought more Friday
 
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