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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I wrote this on 9 Feb:"Sept qter, av selling price $22.70, cash...
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$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B |
Open | High | Low | Value | Volume |
$6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13384 | $6.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.42 | 13471 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13384 | 6.410 |
2 | 12123 | 6.400 |
4 | 37833 | 6.390 |
5 | 22824 | 6.380 |
6 | 10221 | 6.370 |
Price($) | Vol. | No. |
---|---|---|
6.430 | 7812 | 1 |
6.450 | 500 | 1 |
6.460 | 14808 | 3 |
6.470 | 14342 | 2 |
6.480 | 11442 | 2 |
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