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
$6.12 |
Change
-0.175(2.78%) |
Mkt cap ! $5.729B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.09 | $4.961M | 810.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 13427 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 8167 | 24 |
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| Last trade - 11.33am 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |