For every single quarter, the cost of production has been higher than receipt from sales.
No business can survive medium to long term, if you are not even meeting your production costs.
When you have a profitable business, finance companies and bank will knock down your door to lend you more money.
But when you don't, they avoid you like the plague.
The only way out now, for LYC is to show everyone they are breaking even at least with this quarter.
Otherwise, they will go the way of FGE.
Ann: Debt Facilities Update, page-6
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Last
$6.78 |
Change
-0.090(1.31%) |
Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $6.94 | $6.76 | $15.83M | 2.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7031 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 26798 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
