LYC 0.63% $6.34 lynas rare earths limited

I love it how you guys are trying to put a positive spin on...

  1. 220 Posts.
    I love it how you guys are trying to put a positive spin on it... but c'mon... on a really high level

    - 953,600m of debt owed, of which 50,716m apparently needs to be paid before 30 June

    - ZERO cash flow in

    - EBIT of 52m per half year of expenses

    - 74m of cash in bank

    There's a reason why the auditors have pointed out going concern. You can expect ~103m of cash being used the coming half year and only 74m of cash to pay it with.

    If you think my debt bleeding out of ears analogy is incorrect, what else do you call a company that can't (as yet) make a single cent from the products it makes while having to borrow money from everyone and anyone to keep afloat?
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.34
Change
0.040(0.63%)
Mkt cap ! $5.935B
Open High Low Value Volume
$6.34 $6.37 $6.31 $4.075M 642.4K

Buyers (Bids)

No. Vol. Price($)
41 95115 $6.33
 

Sellers (Offers)

Price($) Vol. No.
$6.34 19016 40
View Market Depth
Last trade - 12.40pm 17/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.