LYC 0.34% $5.93 lynas rare earths limited

We've already had an early update from Amanda and there is no...

  1. 169 Posts.
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    We've already had an early update from Amanda and there is no interest rate linked production trigger until mid-year. As a result, I don't expect an early April update prior to the quarterly results in late April.

    Amanda has already warned of;
    increased costs for organics,
    production required for seeding,
    off spec production from the new train and
    a slow ramp-up for the new train.

    Further, based on the half yearly, some here on HotCopper have inferred that payments to suppliers had already been delayed to balance the cash position at the end of last quarter.

    Overall, the quarterly may not be pretty and the only reason that I can see for an early update before the quarterly is if the free cash runs out and the company needs to ask the creditors for an interest holiday or access to drawdown the restricted account.
 
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