I am a little confused on Q4 I am looking at a cash decrease of just over 100 Million, How is this maintaining cash?. There is a 90 day delay or more book to bill for Lynas which is actually short compared to many other companies. So if we look at the price first and last day of Q3 they were 719 RMB WV and 522RMB for an average of 620 Now remove VAT 620/1.13= 559. Divide by USS RMB exchange rate says price for Q4 was about 77 USD / KG. Now lets look at what Q1 will be Starting price 518 RMB WV ending price 455. Average 486 RMB convert to USD is 68 USD. I think csh draw down will be worse in Q! and very possibly Q2.
LYC Price at posting:
$6.86 Sentiment: None Disclosure: Not Held
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