"586 tonnes in the month of March" and Record production of 1089tonnes REO for the March2014 quarter, This result would be encouraging if LYC did not have the debt axeman limbering up just to the side with its neck stretched on the block! It's too late IMO! A year earlier and this would have been fantastic news!
In this update EN seems to be saying breakeven production is 2250tons/qtr which is very close to my previously calculated value of 2200tons/qtr. Oh well the baseline assumptions must have been slightly different between calculations done by Eric and I - however he seems to be more or less agreeing with me now!
Frankly guys to avoid the imminent problematic fiscal event for shareholders - Using Eric's slightly higher cash flow positive figures the result needed to be over 2250tonnes this quarter to avoid the debt issues! Because they are out of time and will very soon will run out of money!
The company will soon either be at the mercy of their creditors or will have to engage in a hideously dilutive capital raising. It's a sad reality soon to be faced by "hopeful holders" - so good luck!
"586 tonnes in the month of March" and Record production of...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.337B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2285 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6431 | 1 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |