If you want to try you should start with the 2023 SAR on page 17...

If you want to try you should start with the 2023 SAR on page 17 it shows both 2023 and 2024 SAR numbers it shows a drop in profits from 150M to 39M or -73% YOY. Then find 2 or 3 lines above that changed a lot and figure out what has to improve for better profits in H2. I would start with Revenue first. It went from AU $ 370M to 235 M - 36%. Next cost / ton to produce the REEO 2024 M159M for 5175 tons $31 / KG. 2023 $185M for 8107 T or $22 T. I know Lynas was shut down for 6 Weeks in Q2 2023 lets correct for that 6/26 = 23% So if open the whole period they would have produced 5175 ./ 0.77= 6719 tons if no shut down. =$24 ton so cost per ton went up about 10% while REE prices fell steeply. that is why profits went down -73%.

The last significant change was admin costs. This concerns me because AL has always been very good at keeping these low and under control. in 2023 they were $31 M in $2024 $40 M + 29%

So explain to me why these numbers will be better in the 2024 AR or the 2025 SAR with real numbers that are worked out. I most certainly will become a buyer of Lynas stock. Only if your numbers are believable. If I do not believe your numbers I will give a detailed explanation why. You can even use AL prediction of they will be shipping at a run rate of 10.5KT of NdPr equivalent in December for production. I still do not think you can make it work but try. Anybody else that wants to try I will select 2 or 3 and respond to those. Aus everybody likes you on this board why don't you do it.

JMO the AR numbers will be very bad YOY. The SAR will be better YOY, because 2024 was so bad. Still very bad when compared to 2022 or 2023.