OTCPK:LYSCF - Post by User
Post by
MaterialsManon Feb 26, 2023 8:01pm
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Post# 35306220
No joy in mudville
No joy in mudvilleLynas report is nothing to write home about. An optomist would probably see some encouraging news,
but overall there seem to be some problems to overcome. The ASX is getting creamed as I write. One of those deals where all ships go down with the outgoing tide. They are planning to mitigate major issues. The primary being the Malaysian snafoo. How would you like to have a license to process while at the same time be prohibated from bringing in the necessary material that has to be processed. What? Not sure that will be resolved. Also there is an issue with rising costs particularly labor. One bright spot seems to be the margins, which approach 50%. Not bad. The future looks to be another plus. I guess we can hope that the price holds up in the meantime. It is a wait and see game.