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???