True I agree on cash equity. Fact is only one thing allows a company to grow and pay Dividends That is profits. With 905 M shares outstanding there is not allot of profits per share now and for the rest of the FY years they are only going down,
Lynas has many positives some of which I have pointed out. But without profits it does not work. The current plan from conference call is 1.27 b for all the different build outs. current cash is 1.026B. so they are short by a little. Now I am sure profits over next year will be big enough to fill the gap. Over next 2 years probally enough to keep 500M cash on hand which is what they will need to operate. But how much will be avalable for other things?
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