Lets think a moment just las fall AL told us ground breaking in early spring. Now it is late this year. What does it say about a company if something as simple as ground breaking slips 6 months in 6 months. Why should I have any faith that there schedule that shows completion less than 2 years after ground breaking has any chance? Maybe because you said it but you were the person that visited KAL and Assured us how great things were going only to have company slip the schedule less than 3 months later. Today is MAY 1 2024 and they still not have achieved the goals you said would be made on June 30 2023 at KAL
Look at this statement by you I really don’t think most people including myself really understand just how big this is for Lynas. You say you do not understand how important it is then go on to tell us how important it is? i will totally agree that short term politically it is very important. Long terms it comes down to revenue and earnings. They may be great but some actual numbers with stated results would help. Note in the 2019 plan KAL was support 10.5 KT of NdPr all by itself and in fact Lynas started depreciating Lamp C&. See bottom of PG 8 https://wcsecure.weblink.com.au/pdf/LYC/02195169.pdf for the accelerated schedule The lamp C&L was suppose to handle quantities beyond 7.2 KT / year. Now Lynas needs both to meet 10.5. I am sure combined they can exceed this but I find it interesting that Lynas does not give solid info on what either can do. This lack of info makes me believe it is far less than 18 KT of NdPr equivalent they should do by what we have been told in past.
You should go back and read your post Post #:65092732 Then explain why we should listen to you when you tell us about schedules. You should also review the 2019 investor day presentation https://wcsecure.weblink.com.au/pdf/LYC/02107222.pdf I would like you to explain at least 2 things. first is cost given by AL on page 5 $500m Capital plan KAL is now AUD 800M and PDF is over AUD100M They updated this document 2 or 3 times and never was these numbers updated. they also said Self-funded with support of JARE • Return on investment of planned growth initiatives is expected to materially exceed WACC • Enhancing long term shareholder value
they sold stock multiple times diluting stock holders.
I find it interesting that you bash MP just like you did MCP. I believe you believe all the following.
The market will grow dramatically in the next few years. Current players are incapable of meeting need.
China is the dominate player and their output is many times Lynas and MP combined for years to come.
MP is just starting and has yet to prove itself. Is not a threat to Lynas for years.
So answer me this why does MP scare you so badly that you have to insult them every chance you have?
Just for record i think MP is making a mistake pursuing Metals and Magnets. The mark up on these, by my calculations. seems much smaller than on Oxides at normal prices. NdPrO > 650 RMB .KG WV. If MP does what they say and puts 100% of their REEO into metals and magnets their impact on Lynas will be verry small.
Just for record my only recent trading activity on either of these was buying MP Puts. This is because I use to consider MP SP way to high, not that I did not think they had a future, (same is true of Lynas in the past and right now, how can anybody think a company with a PE of 29.4 and revenues and profits falling for two years find this evaluation correct?) It is only because US law says I cannot, that I am not buying puts in Lynas. Since 2000 I have not done shorts and never will again, They are just too risky and only experienced shorters understand most of these. Ask and I will explain a few of the big problems and risks with shorting.
LYC Price at posting:
$6.56 Sentiment: Sell Disclosure: Not Held
(20min delay)