11 March 2014
INTERIM FINANCIAL REPORT
Attached is the Financial Report of Lynas Corporation Limited (ASX:LYC, OTC:LYSDY) (“Lynas”) for the half
year ending 31 December 2013.
As disclosed in the Financial Report, the Group’s half-year financial statements have been prepared on the
basis of a going concern, subject to certain risks outlined in Note 2.2 on pages 17 and 18. The directors and
management are confident that the Group will achieve the target run rate of 11,000tpa REO from Phase 1
during the June quarter. Given the principal repayments that are due under the Group’s debt facilities, and
the forecast production ramp up, the Group expects that it will require additional funding from some
combination of the following alternatives over the next 12 months in order to maintain appropriate liquidity
(i) additional equity,
(ii) additional debt, or
(iii) some refinancing or restructure of the Group’s debt facilities.
The directors and management have assessed each of the above alternatives and are in discussions with
established financial industry participants regarding each of the above alternatives.
While there is some uncertainty as to whether additional funding will be obtained, these financial statements
have been prepared on a going concern basis, because the directors and management, including as a result
of consultation with relevant advisers, *******are confident that there are reasonable grounds to believe that if
additional funding is required, it will be obtained in a timely manner.*********
No shutdown like before. they had to replace most of the refinery in summer that's why 3rd quarter was such a pos.
4th quarter should be blowout since been up and running since september
*DJ S&P Revises Chesapeake Energy Outlook To Pos; 'BB-' Rtgs Afmd
Thu Feb 06 15:04:46 2014 EDT
(MORE TO FOLLOW) Dow Jones Newswires
February 06, 2014 15:04 ET (20:04 GMT)
020614 20:04 -- GMT
Press Release: S&P Revises Chesapeake Energy Outlook To Pos; 'BB-' Rtgs Afmd
Thu Feb 06 15:04:47 2014 EDT
020614 20:04 -- GMT
*DJ S&P Revises Chesapeake's Rating Outlook to Positive From Stable
Thu Feb 06 15:05:14 2014 EDT
(MORE TO FOLLOW) Dow Jones Newswires )
February 06, 2014 15:05 ET (20:05 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
020614 20:05 -- GMT
Well then PLEASE keep watching and posting. I have lawyers but they said that yesterdays release should have resolved it. I keep telling them NO!
I have been in contact with lawyers that may have done something until that release on 2/ came out.
I HAVE NOT GOTTEN MY SHARES - HAVE YOU???
Press Release: Capstone Receives Multiple Orders for Offshore Platforms from New Alaska Distributor Chenega Energy
Wed Dec 04 08:30:16 2013 EDT
Capstone Receives Multiple Orders for Offshore Platforms from New Alaska
Distributor Chenega Energy
CHATSWORTH, Calif., Dec. 4, 2013 (GLOBE NEWSWIRE) -- Capstone Turbine
Corporation (Nasdaq:CPST), the world's leading clean
technology manufacturer of microturbine energy systems, today announced that it
received multiple orders for oil and gas offshore platforms from its new
Alaskan distributor Chenega Energy LLC. The orders are for a single C1000 and
multiple C200s for use on offshore platforms in Alaska's Cook Inlet.
Chenega Energy secured the orders from Hilcorp Alaska LLC, which purchased 10
oilrigs in Alaska's Cook Inlet from Chevron and Marathon Oil in 2012 and 2013.
Since January 2012, oil production on the platforms has increased by 36 percent
to approximately 9,700 barrels per day. Despite this increase, cost of oil
production remains high and Hilcorp plans to invest over $500 million to
further develop this project and make structural changes to help drive down
costs. It reported that half of this budget would be spent on remediation,
repair, and replacement of old equipment and antiquated technology. One example
of the changes being made is to convert the wells from gas-lift to ESPs
(Electric Submersible Pumps) on all the platforms.
"This conversion to electric pumps highlights one of the reasons Capstone's
microturbines are a perfect operational fit for the oil and gas market," said
Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
In addition to the expanded need for clean and reliable electrical power at
remote sites, Hilcorp has sour gas, which contains 2000ppm of H2S. Capstone
microturbines can easily handle this type of sour gas, whereas traditional
power generation solutions would require expensive fuel pre-treatment.
Furthermore, the ab