LYC 0.49% $6.12 lynas rare earths limited

No It has been very apparent for several years. Just because...

  1. 7,393 Posts.
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    No It has been very apparent for several years. Just because Lynas hides it a little does not mean you should not have figured it out. First clue Letter intent was never talked about as it's expiration of one year came and went in May 2020. Second Texas plant was supposed to be complete in Fall of 2022 and not a word on what was going on. Not a word about what was happening in 2019, 2020, 2021 , 2022, Not hard to figure out.

    Here is the MOU for Blue line, Paying just a little attention reveled most of what you claim you did not know. https://wcsecure.weblink.com.au/pdf/LYC/02106823.pdf

    The original cost for all the projects was AU$ 500M. Now it is 1.2 Billion Yet seldom were we told of price increases From page one 5 year plane

    "• Enhancing earnings from:
    - A step change in production
    - Improved portfolio pricing
    - Continued flow sheet and cost efficiencies; and
    • A $500m capital plan self-funded with the ongoing support of JARE"
    • Enhancing earnings from:

    Here is the plan from May 19 2019 https://wcsecure.weblink.com.au/pdf/LYC/02107222.pdf

    Read it carefully then think about all the people that say Lynas project management is far better than others.

    At the recent Q2 CC MP announced they are making first NdPrO For testing and evaluation now this is about 6 months behind original schedule but about 3 months ahead of schedule announced a year ago. Right now, costs are running behind original estimate. They should have HREO's metals and magnets long before Lynas Texas is complete, and we still do not have a date for that. If I missed it please tell me.



 
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