External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>LYC highlighted the ‘Towards 2030’ strategy which includes two pillars 1) Harvest: returns through optimisation of the Lynas 2025 strategy and ramping current capacity in-line with current demand and 2) Grow: adding resource and scale, increasing separation capacity and expanding into the downstream ex-China metal and magnets sector.</li><li>Following the A$750m placement the business has ~A$902m in liquidity, addressing issues of balance sheet stress and providing a platform to begin funding its strategic goals.</li><li>Details on expansion potential are vague, which makes assessing the likely capital requirements of various ventures difficult. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

LYC highlighted the ‘Towards 2030’ strategy which includes two pillars 1) Harvest: returns through optimisation of the Lynas 2025 strategy and ramping current capacity in-line with current demand and 2) Grow: adding resource and scale, increasing separation capacity and expanding into the downstream ex-China metal and magnets sector.Following the A$750m placement the business has ~A$902m in liquidity, addressing issues of balance sheet stress and providing a platform to begin funding its strategic goals.Details on expansion potential are vague, which makes assessing the likely capital requirements of various ventures difficult. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lynas Rare Earths (LYC): Priced for perfection

Lynas Corp Ltd

Lynas Rare Earths (LYC): Priced for perfection