LYC 0.77% $6.56 lynas rare earths limited

Here is the original contract for PDF...

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    Here is the original contract for PDF https://lynasrareearths.com/wp-content/uploads/2020/01/200130-PDF-for-WLP-Residue-2023749.pdf
    Two payments were suppose to be made by now. USD 10M and USD 34 M the total was $98M including long term maintance.
    Do you realy think that Lynas were such poor negotiators that they would have agreed to pay 34M for work that was not critical at this time? That is more than a Qs revenue at the time of signing. Jan 2020 to March 2023 is 27 months. jan 2020 to August 2023 17 months. So 63 % of the time has elapsed till license renewal and you think it is OK that no work has started and they are underspending. Either they way over estimated the original job and were willing to pay for it or they are in deep trouble. They may be able to poor more money into project but that can only make up so much.

    The Mythical man month is a history about IBM building the IBM 360, 70 years ago. The points it makes about trying to recoup schedules after a major slip is as true to day as then. It is still in print and in many bookstores as well as Amazon have it. This says allot about what people think of the quality of its lessons

    It had a very big impact on me early in my carrier . The Mythical Man-Month - Wikipedia
 
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