you are correct SP may break 7 this week but it will not stay the charters who all claim to be long term investor will get excited about short term trends. Revenue in Q3 2022 was 328M AUD my guess it will be close of to Q2 of 2023 233M possibly lower. Production and other expenses will be up. These two things put together says earnings will be way down for FY23 540 M AUD If any one thinks this will not be a hit to SP I would like to know their logic.
Right now Lynas has two profit problems License for lamp and sell Price of REE Every one talks about License but Sell price will be a much bigger negative on revenue and profits.
LYC Price at posting:
$6.67 Sentiment: Sell Disclosure: Not Held
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