I wrote this on 9 Feb:
"Sept qter, av selling price $22.70, cash receipts $3.2m, implying 141 t REO equiv sold (ie and paid for).
Dec qter, av selling price $21.48, cash receipts $6.9m, implying 321.2 t REO equiv sold.
Ongoing operational, production and admin cost actually fell from $40m in Sept qter to $37.9m in Dec qter ( ie even as production ramping up)
Assuming cost are $38m / qter and av selling price is $22, implies LYC need to sell and get paid for 1,727 t REO equiv in a qter.
If I apply increase in sold production from Sept qter to Dec qter ( ie 321.2/141= 2.28) then LYC sold t REO equiv is 731.69 t REO equiv in March qter ( ie 321.2 x 2.28) and 1,668 t REO equiv in June qter."
I predicted 731 t REO, which to my surprise was more or less spot on.
I continue to hold overweight as I think debt situation will be easily dealt with when cash flows are so obviously building nicely.
K
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Last
$6.98 |
Change
0.215(3.18%) |
Mkt cap ! $6.421B |
Open | High | Low | Value | Volume |
$6.66 | $6.98 | $6.66 | $8.102M | 1.180M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 2366 | $6.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.98 | 10319 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 23797 | 6.960 |
21 | 8864 | 6.950 |
23 | 17996 | 6.940 |
11 | 13792 | 6.930 |
10 | 6110 | 6.920 |
Price($) | Vol. | No. |
---|---|---|
6.970 | 221 | 3 |
6.980 | 10995 | 25 |
6.990 | 27331 | 18 |
7.000 | 61408 | 23 |
7.010 | 80719 | 10 |
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