I think when you see Q2 and SAR you will find it is way over valued. Even now it has a PE of 17.8 which for a company with falling revenue and profits and no clear way to turn these around for at least 6 months is very high. After SAR my guess is PE will be over 30 which means SP will have to come down a lot. So why do you think it is undervalued? I have asked this question of many who say it is undervalued and no one has explained yet. Maybe you can be the first to help me understand.
My forecast for Q2 revenue 80M down from 128M in Q1 simple reason is average NdPr price in Q1 477RMB WV today 453 RMB Plant will be shut down for half the Q so Lower price for half the product means a very big drop.
LYC Price at posting:
$6.07 Sentiment: Sell Disclosure: Not Held
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