Given today's appalling results, it is time for NC to stand aside and make way for some new leadership at Lynas.
Also time for the CEO to stand aside and for Lynas to do a global search for a new CEO.
How can a company sustain a revenue base of $6.9 million and an expenditure bases of ongoing operational, production and administration costs of $37.9 million. It is simply unstainable.
The real problems and issues at Lynas are systemic and the sooner there is a clean out at the highest levels at the board level and the executive the better.
Lynas under its present board and management structure are sitting ducks for a hostile take over offer.
Imo, the take over will come when the sp falls to $0.25 and it came close to that today.
Time for a big shake at Lynas
Given today's appalling results, it is time for NC to stand...
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Last
$7.34 |
Change
-0.260(3.42%) |
Mkt cap ! $6.860B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.56 | $7.30 | $32.37M | 4.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84497 | $7.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 23514 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |