LOL!
can you provide a link?
It would be very unusual to find someone paying that price after reports have been published that might mean a production delay "for years".
I would guess that the SP is going to tank about 20-30% after the trading halt.
It's the uncertainty. Lynas will of course try to find the positive aspects of the report.
But the fact remains: according to the Malayan authorities there is NO LICENCE and NO MATERIAL coming into the country.
This costs Lynas a lot of time and money with complex implications possible because of various contracts regarding
A. construction
B. transportation
C. production
D. delivery obligations
The vital question now is to determine a realistic timeframe. How much time will the additional requirements really take?
And furthermore:
Do the costs-implications of the requirements mean, there has to be a new BFS?
regards
Julia
pre opening price up!, page-3
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Last
$6.43 |
Change
0.055(0.86%) |
Mkt cap ! $6.005B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.42 | $2.106M | 326.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 9076 | $6.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.43 | 5596 | 14 |
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| Last trade - 11.09am 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |