Milestone of an announcement!!! Haha it's the quarterly report. There won't be and great announcement, it's a recap of what's happened in the last quarter and where we are headed in the next.
Reading the HC lies gets you sucked into rubbish. It's just the quarterly, any price sensitive infor from the quarter has already been released.
Quarterly's are pomp, fluff and flashy coloured pamphlets to entice new investors into the company. The big unknown normally is expenditure and cash flow.
Given that lyc has already announced there scaling back phase 2 due to zero demand already tells us they haven't sold a heap of ree nor do they have contracts to do so.
The info is all there, until we get announcements were ramping up production to meet demand we know things are tight.
Best news is the apparent turn in ree prices, if that keeps going maybe the next quarterly will have some nice figures. This one will show how far away the next CR is looking. But if its bad it will be masked anyway.
Ree price is all you need to concern yourself with IMHO.
LYC Price at posting:
42.5¢ Sentiment: None Disclosure: Held
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