SENARIS, when are you going to stop making excuses for LYC management and accept that they haven't a clue about what is happening?
On the 22nd November, Lynas stated that they expect to produce at the 11,000tpa run rate for the first quarter of 2014. Now they say that they might not achieve that run rate until the June quarter - not FOR the June quarter, just BY the June quarter. And the Sept quarter, on the 31st October, stated that the work programs would be complete by the 31st Dec, enabling the LAMP to be at nameplate by then.
The company tells us that all problems have been fixed but don't expect full production until sometime in the June quarter - why not?
Why didn't the LAMP achieve nameplate in Dec? The problems only occurred in January.
Your "confident opinion" looks like a ramp up, based upon LYC management past promises vs past performance.
SENARIS, when are you going to stop making excuses for LYC...
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Last
$6.11 |
Change
-0.185(2.94%) |
Mkt cap ! $5.729B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $9.271M | 1.515M |
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| No. | Vol. | Price($) |
|---|---|---|
| 27 | 17874 | $6.09 |
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| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 13.22pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |