As far as time I am retired and spend about 15 minutes a day looking at Lynas board. I have met several of posters on this board as I travel. I Closely follow about ten stocks, Less than half of what I own. The key is I spend about 4~6 hours every weakened recording and plotting data on all ten companies and items critical to them. This means When I talk about profits or REE Prices it takes just second to pull up a chart to see the information. I share these charts willingly because a base of knowledgeable investor helps all companies.
I use to have a substantial amount of my high risk portfolio in Lynas Before that MCP. I still want to have major holdings in Lynas, MP or any new comer because REE is an exciting sector. I also believe the only important criteria for measuring any company is profits and Lynas has to make changes to do that. Read the 2025 plan they spent time
explaining in MAY 2019. They are more than 300% overbudget and late on all but one project. a couple of critical ones are in this group like KAL and Texas. They cannot turn satisfactory profits with project management doing this. 2019 Plan https://wcsecure.weblink.com.au/pdf/LYC/02107222.pdf
On page one of 2025 plan they said projects would cost AUD 500M this is what they have spent so far and it is not over. Only takes a few minutes to record this data when Q reports come out.
LYC Price at posting:
$6.87 Sentiment: Sell Disclosure: Not Held
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