I just found a critical mistake in my calculations. I now believe that profits for H1 2024 will be less < 10 M not in the red like I said. this means a big drop in profits but not as big as I said. I am still comfortable with a SP <5.50 2 weeks after AR. H1 2023 Revenue was 381M, H1 2024 will be 210M, a change of - 173 or - 44% Half over Half H1 2023 profits were 150M, My prediction is H1 2024 will be 10 M a drop of 140M, - 93%. Rember how upset all the positive people were about the UBS prediction of 40M for 2024 year. Why are they no longer concerned all they want to do is look at distant future.
Here is my updated chart I do not see looking at chart how Lynas SP can do anything but go down to <5.50. If you think I am crazy or don't care then hold or buy more stock.
LYC Price at posting:
$7.16 Sentiment: Sell Disclosure: Not Held
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