LYC 3.35% $8.02 lynas rare earths limited

Updated Graph and some thoughts

  1. 2,364 Posts.
    Been busy and just had a chance to have a look at the latest anns and update my production/costs graph.
    My summary: a mixed bag but overall positive.
    The time delay production costs ->  sales revenue always makes the numbers hard to interpret but there's a very clear trend IMO.
    Here's my take on it.

    Cash Cop:
    This is IMO the (very) good news. Production increased (7%), cash production costs dropped (19%).
    And overall the cash COP dropped 25% from $22.9/kg to $17.28/kg. Below the average sales price!!

    Production:
    Well some here have been claiming BOTH phases are being used currently and questioning the capacity of Ph1. We now know for sure none of the Ph2 solvent exchange assets have been used to date,
    It's tucked away in the 5B in the item "Estimated Gross Cash Outflow " (note 2 bottom of p3).
    ".... $1m related to Initial tranche of the FIRST fill cost for phase 2 solvent extraction" (my caps).
    We know that July-Aug was poor and Sept was at nameplate; let's hope it stays there!!
    Overall the increase in production Qtr on Qtr was modest; 1900 -> 2043t or 7.5%.

    Anyway here's the updated graph:

 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$8.02
Change
0.260(3.35%)
Mkt cap ! $7.496B
Open High Low Value Volume
$7.75 $8.02 $7.75 $43.38M 5.448M

Buyers (Bids)

No. Vol. Price($)
1 10000 $7.94
 

Sellers (Offers)

Price($) Vol. No.
$8.02 500 1
View Market Depth
Last trade - 16.10pm 30/09/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.