LYC 1.54% $7.04 lynas rare earths limited

we need to build a positive thread on lynas, page-50

  1. 1,348 Posts.
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    Jantimot,

    Several posters have argued this with you. The quote from the quarterly below is clear:

    "Timing of customer delivery accounts for the variance between production and sales volumes."

    But to translate: we've sold everything, but obviously customer will only pay when they receive ( ie we deliver) the product ( plus what ever terms eg 30 days we have agreed).

    Hence there is an account receivable posted to the accounts. This is not recognised in the cash flow until the receivable is paid.

    Hope this helps.

    K
 
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