HI there,
My first post here.
Still trying to get my head around the forum, format etc, as I am used to posting on a different forum.
Yes I agree with a previous poster (not sure who...as mentioned just trying to get used to this forum) in regard to the announcement. For my mind, Lynas has historically, whether by accident or otherwise, had a history of convoluted, difficult to understand or just plain vague announcements.
THe CEO has previously advised of the ramp up timetable as he sees it. Given we are at the maiden point in this (effectively) one needs to make an allowance for the fact that in any given quarter, there is always (as in any business) going to be stock held over for sale into the next quarter.
For instance, production numbers aside, it would be reasonable to think that your output or tonnage produced and to spec on say December 31, isn't to be sold and banked in October-December Quarter. Therefore on a rolling basis, quarterly output > sales is going to cross your traditional quarterly timelines (Jan-March, April-June, July Sept, Oct-Dec).
Thus, any sales arising from the December output tonnage will effectively reflect in Q1. Any tonnage output in say March will reflect in Q2 etc etc.
Not sure if/where the "stock Held" button is, but as far as disclosure goes, I hold stock in Lynas Corporation Limited.
My first post here.
Still trying to get my head around the forum, format etc, as I am used to posting on a different forum.
Yes I agree with a previous poster (not sure who...as mentioned just trying to get used to this forum) in regard to the announcement. For my mind, Lynas has historically, whether by accident or otherwise, had a history of convoluted, difficult to understand or just plain vague announcements.
THe CEO has previously advised of the ramp up timetable as he sees it. Given we are at the maiden point in this (effectively) one needs to make an allowance for the fact that in any given quarter, there is always (as in any business) going to be stock held over for sale into the next quarter.
For instance, production numbers aside, it would be reasonable to think that your output or tonnage produced and to spec on say December 31, isn't to be sold and banked in October-December Quarter. Therefore on a rolling basis, quarterly output > sales is going to cross your traditional quarterly timelines (Jan-March, April-June, July Sept, Oct-Dec).
Thus, any sales arising from the December output tonnage will effectively reflect in Q1. Any tonnage output in say March will reflect in Q2 etc etc.
Not sure if/where the "stock Held" button is, but as far as disclosure goes, I hold stock in Lynas Corporation Limited.