LYC 2.89% $5.69 lynas rare earths limited

Sydney you are obviously very uninformed if you don't know that...

  1. .y.
    3,566 Posts.
    Sydney you are obviously very uninformed if you don't know that the previous two CEOs have also uttered these words.

    Cash flow neutral next quarter, breakeven next quarter and positive cash flow next quarter are the mantra of the Lynas execs.

    They have been claiming it for nearly two years now and are yet to achieve it.

    Claiming it in fact since the SP was around $1.20.

    Always next quarter and then when the results are released the shorters take hold and drive it through the previous floor.

    Show me one quarter where the results have caused an increase in the SP.
    I know you seem to think you are buying into a bargain price now as you keep stating it in your posts but in all reality the Execs just keep spouting the same unrealistic claims as it keeps newbies like yourself coming along to put their money into a losing entity.
    The SP would have to increase 2000%+ to get back to where it was when they first made these claims.
    That could never occur now though given the severe dilution to the shares issued.
    Only way back for them now consolidation 1 for 10.
    With an SP of around 50c and then there may be hope if they can actually breakeven but given the prices obtained for REE's of late this remains a distant possibility.
    BTW statements made in market releases are not secret words...
 
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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