Boron really is a wonder element and as the appreciation for its advantages and applications increase, so will the search for the future players in this industry. We have seen with PPK how quickly the market can be excited by a boron application and ABR is the cheap and forgotten future source of all this excitement.
Higher than expected one-off costs led Lynas to report a loss of $32m in the first half, compared to the broker’s $16m loss forecast. Free cash flow was in line with expectation. No production guidance was offered.
Macquarie has reviewed forecasts following the first half result. Despite progress at the LAMP during the first half, Macquarie notes output has not yet reached Phase 1 capacity as operational issues delay the plant ramp up. A period of steady-state production is required to gain confidence and deliver a consistent revenue stream.