Interesting, it was a nice tick up. Like always the up rampers are quick to post it like they have many times above. It appears to me they are trying to deceive others because they never post any down movement. NdPrO is still in the tight trading range, 450 - 550 it has been for months and now that range is setting revenue for Q2. Q1 is in the books. The last time it did this it topped out with a price of 510 RMB. We are now above that by 7 RMB. JMO but no reason to be excited till we see a very clear move above 550 RMB. Lynas needs NdPr to be above 800 RMB to have positive cash flow after CAPEX from operations
I will readjust by positive cash flow number after Q1 Report. Do either of you keep track of it and what do you use to adjust your number?
LYC Price at posting:
$7.27 Sentiment: None Disclosure: Not Held
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