You are correct increases do drop right to the bottom line. the opposite is true decreases go to bottom line as well. Because of book to bill delays and reporting delays we will not begin to see the full impact of the recent NdPr price drops till after June 30.
When prices were over 1000 RMB WV Lynas had good profits. With prices falling, now at 385 RMB WV / KG what do you think Lynas needs to show a good profit?
Just for record the highest Friday close in last 8 years was 1105 on March 5 2022 1105 to 385 is a drop of 65% The stock will be delayed but it will track the fall, for the reasons you said. Changes in NdPrO go right to bottom line. Take a look at the 39 million total H1 profits in SAR yes the shutdown caused some of it 6 weeks / 26 weeks = 23% yet YOY profits went from 150M to 40 M= 74%. JMO AR will be worse on a YOY basis. 2023 was $311M down a lot from 2022 $541M JMO profits in 2024 < 150M probably Closser to $100M than 150M. I know that is a big range I will tighten it up after Q3 report and more after Q4 report
You are correct increases do drop right to the bottom line. the...
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Last
$6.43 |
Change
0.240(3.88%) |
Mkt cap ! $6.010B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.45 | $6.20 | $20.00M | 3.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $6.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 5126 | 2 |
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| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$6.41 |
Change
0.240 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| $6.23 | $6.45 | $6.19 | 855490 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
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