Australian (ASX) Stock Market Forum

LYC - Lynas Rare Earths

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I wouldn't call that "pissing off", he's just playing politics:

Mustapa was accused of being a “Lynas spokesman” by Kuantan MP Fuziah Salleh last week.
Click to expand...

That's why you're seeing a bit more of a "hard line" with lynas. I'm not going to go as far as to say that Malaysia needs Lynas, but they do need to show to international companies they are a country that welcomes foreign investment without placing undue restrictions and difficulties. That being said I believe the 11 recommendations set out by the IAEA are not unreasonable and lynas needs to communicate more in how it is going about achieving them.
 
Derrick,

The Malaysian government have to be seen to be doing the right thing.

At the end of the day the malaysian government want Lynas in Malaysia or they wouldn't of offered them 12 years tax free carrot to get them there.

Plant 80% complete and pre op licence could be granted in the next month or so, ticks in both of these boxs and SP will be at least $2.75.
 
lenny said:
Plant 80% complete and pre op licence could be granted in the next month or so, ticks in both of these boxs and SP will be at least $2.75.
Click to expand...
On what basis do you have $2.75 as a price target?
Genuine question. Cheers.
 
Its Roger Montgomerys intrinsic value for LYC when it starts production in phase 1 at a ree basket price of $60.

Ree Basket price is around $120 atm.

Yes conservative.
 
Can well understand the frustration of the Malaysian government. Who's running the company PR at Lynas? If I was a holder, I'd be saying to Lynas - what about a course of 'shut the hell up'.

http://www.themalaysianinsider.com/...ds-later-aelb-says-lynas-still-non-compliant/
International Trade and Industry Minister Datuk Seri Mustapha Mohamad has already slammed Lynas for pre-empting the government by repeatedly projecting start dates for the plant being built in the Gebeng industrial zone.

“They have no business to pre-empt the (Atomic Energy Licensing) board. No business at all to issue these kind of statements and we have reprimanded them,” Mustapa told The Malaysian Insider in an interview last week.
Click to expand...
 
Although there are reports that the stock is being lent out for shorting, the traded volume is steadily declining.

Two articles that will encourage holders: http://www.nst.com.my/local/general/lynas-aiming-for-licence-1.7965, and:
http://www.freemalaysiatoday.com/2011/11/20/pahang-mb-lynas-plant-is-not-harmful/
“The plant is not harmful as it is built only for processing purposes. The government will not endanger the people’s life.

“I will not let people die because they are the ones who gave us the mandate.

“Lynas is not an issue but it is being played up by the opposition, particularly PKR and the DAP, and Kuantan MP Fuziah Salleh,” he [Adnan Yaakob] told reporters after attending the Nestle World Walking Day at Taman Gelora here today.
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Disclosure: not a holder.
 
Looking at their latest announcement to expand the mt Weld processing plant - it seems as though they have complete confidence in Malaysia and are looking at growing future operations. Either they are right (and starting LAMP will not be a problem) or they are completely deluded!

Thoughts?
 
Once China's bid to gain control of Australian RE miners was quashed by the FIRB, it had to always be expected they wouldn't simply roll over and let the monopoly slip out of their hands. Why give in if a little scare-mongering will bring willing helpers out of the greenery! See how well it worked in Greenland.
 
So they have announced a "temporary operating licence" for the LAMP. I would consider this to be "good news" considering the current market price is around $100 (according to the lynas website).

But the share price is down in line with the market...?

Oh well - we shall see. Thoughts anyone?
 
drlog said:
So they have announced a "temporary operating licence" for the LAMP. I would consider this to be "good news" considering the current market price is around $100 (according to the lynas website).

But the share price is down in line with the market...?

Oh well - we shall see. Thoughts anyone?
Click to expand...

They don't have a temporary operating license, re-read the announcement. They say that something positive might happen around 30 January.
 
danbradster said:
They don't have a temporary operating license, re-read the announcement. They say that something positive might happen around 30 January.
Click to expand...

yeah that the temporary license will be granted on the 30th Jan after its tabled in cabinet for a period of 2 years :rolleyes:
 

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