"I suspect H2 and year will be a disappointing, ..."
"Disappointing" is when results fail to meet expectations. Lynas fully informed investors as to the NEXT capex and it's purpose.
Last quarter, NEXT capex resulted in Lynas just barely maintaining positive cash flow after previously having a big quarter. Was last quarter "disappointing" to you? TBH, I'm prepared for slightly negative cash flow this quarter due to further NEXT capex and will not be disappointed with that result.
The fact that Lynas is executing a frugal capital expenditure plan that will improve revenues (far in excess of cost) in every forthcoming quarter is exciting to me, not disappointing. Especially as Lynas management has a history of successfully meeting costs and schedule despite challenging goals, including some associated with the SX system.
If shortsighted folks like yourself get disappointed and drive the share price down when the quarter report comes out, that'll be a buying opportunity.
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