I just reviewed the half time report and to me it is more of the same... Almost boring...
And that is my point. Quarter after quarter Lynas posts great results in spite of handicaps. The market keeps expanding particularly in Japan where the Japanese manufacturing sector depends on Lynas REs. We are waiting on the price of Nd to continue it's rise and we all know that commodity prices are subject to nothing and volatility is always around the corner...
"During the half year the new Nd and Pr separation circuit was successfully
commissioned and the first Nd was produced and sold. The first production of Pr was
delivered early in the current quarter. These new products have been produced to meet
customer demand and have been delivered in a cost effective way by virtue of excellent
design and engineering work as part of Lynas NEXT."
This is pretty important, the separation of Nd and Pr into separate products represent just the tip of the iceberg when it comes to "expansion" of Lynas. Essentially Lynas has become a "boutique" of sorts, offering products that further capture the customer specification by leveraging current technology combined with NEXT project objectives. Boutique products are a natural expansion for Lynas as the full market potential for these products has yet to be defined...
Once again I will put my shares away for a while waiting for the inevitable growth that will come with time. Lynas has been put through the paces and it seems that every time it emerges stronger... JMHO...
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10 | 344199 | 2.090 |
12 | 173545 | 2.080 |
8 | 132357 | 2.070 |
5 | 29042 | 2.060 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 132652 | 8 |
2.120 | 195216 | 18 |
2.130 | 132928 | 9 |
2.140 | 133591 | 12 |
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