Phoned the company (Andrew) today and discussed super profits tax. If it ever gets implemented it will only have a minor effect on Lynas. Most of the profits for Lynas come from offshore processing and any profits from the extraction and concentration can be offset against the huge costs that have accumulated over years of development.
Also confirmed that Lynas was still on track for production Q3 next year and will become the major western supplier of REE's. I know the markets are jittery but, at the current sp, it has to be excellent value.
off shore processing, what benefit, page-14
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Last
$7.88 |
Change
-0.210(2.60%) |
Mkt cap ! $7.365B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $18.89M | 2.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2122 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 19791 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |