Australian (ASX) Stock Market Forum

LYC - Lynas Rare Earths

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50 Million Dollars goes a long way in Malaysia!
They leverage it up and lend against it!
I haven't read the documents, is this cash that Lynas has to fork over going to be on top of the 40 million blowout mine build?
If so that should be expensed as it cannot just be taken out of thin air or written as an IOU!!
2. After that, the Pahang state govt will kick Lynas out of Pahang completely
3. Then, prosecute all the govt bureaucrats who are responsible for granting Lynas
this license.
Click to expand...
Dream on PKL, not going to happen!
Malaysia would become a laughing stock for business investment.
Besides, Pahang state govt would rather find fault with the waist procedure and keep the cash!
 
Thanks Notting, hadn't been aware of that. The other thing, noted by Marcus Padley during the week, is the trend in REE prices is down. Lynas has 2 years before reaching full production, assuming they pass the regulatory hurdles and hostile local politics.

Not saying by any means that LYC isn't a stock to follow, just that the sp settling back down after an announcement isn't surprising, given their development timetable and the REE market dynamics, as you have highlighted.
 
Nice test of support at $1.40 this morning on declining volume & gap filled.


Could be a nice low risk entry if your not already.

With the POL being granted might be the start of a nice trend.

GL
 
So... lynas trending way down again.

Surprised to see it down to around $1.20 again...

Will be interesting to see what happens around the 90c to $1 range.. if it hits there.
 
Chasero said:
So... lynas trending way down again.

Surprised to see it down to around $1.20 again...

Will be interesting to see what happens around the 90c to $1 range.. if it hits there.
Click to expand...
not surprised at all:
The license is only temporary, so the scaremongers will regroup.
Technically, the breakout on the 2nd left a highly toppy Doji, which, especially when follwed by the dominant red candle, had profit taking written all over the chart. And then there are still two gaps a little lower down.

LYC n 15-02-12.gif
 
notting said:
It seems a bit weird that Lynas chose Malaysia in the first place after this - http://www.consumer.org.my/index.php/health/454-chronology-of-events-in-the-bukit-merah-asian-rare-earth-developments
Molycorp is still in the hole, despite having a virtual monopoly outside China.
Click to expand...

Yes.. I definitely wouldn't want to be around that lynas plant..

Also protesting stories appear to pop up every 2-3 months..

http://www.thebull.com.au/articles/a/26215-malaysians-go-to-court-to-stop-lynas-plant.html
 
Chasero,

These articles are misinformed and lacks substance.

The AELB are technical experts in this field and they have approved the TOL.

The issuing of TOL is almost certain now and just a matter of time imo.
 
lenny said:
Chasero,

These articles are misinformed and lacks substance.

The AELB are technical experts in this field and they have approved the TOL.

The issuing of TOL is almost certain now and just a matter of time imo.
Click to expand...
since when has technical expertise stopped any "Anti-Brigade"?
... especially when they're aligned with peculiar pecuniar Chinese interests ...

KUALA LUMPUR (AFP)--Malaysian activists said on Friday they had filed a court challenge to block a rare-earth plant being built by Australian miner Lynas Corp. (LYSDY), which has stoked fears over radiation pollution.
Activist group Stop Lynas Coalition filed a petition on behalf of residents of eastern Malaysia, where the plant is located, the group's adviser, opposition lawmaker Fuziah Salleh said.
The filing with a court in Kuala Lumpur seeks a review of the government's decision earlier this month to award Lynas an operating license, she said.
Lynas intends to process rare earths--elements used in such products as smart phones, wind turbines and missiles--at the plant in Malaysia's Pahang state. The rare earths are to be imported from Australia.
The Malaysian government has said it would closely monitor the company's handling of radioactive waste, and Lynas has insisted the plant will be safe.
However, Fuziah said the plant shouldn't be allowed to open as no detailed study has been done to assess its impact on the environment and residents.
"What if there is a leakage? What if there is migration of the radioactive material into the water and soil?" Fuziah said.
"There should be a real detailed study."
Analysts say the plant, able to process an initial 11,000 tons of rare earths per year, will help break a Chinese stranglehold on the materials that has crimped supply and sent prices soaring in recent years.
China currently meets about 95% of world demand.
Lynas hopes to begin production in the middle of the year.
But activists have vowed to step up their protests ahead of general elections widely expected to be called this year. A rally in the seaside town of Kuantan near the plant is scheduled for later this month.
Opponents point to a similar rare-earth plant in Malaysia's northern Perak state that was forced to shut down in 1992 over protests from residents who blamed it for birth defects in nearby populations.

(END) Dow Jones Newswires
February 17, 2012 04:52 ET (09:52 GMT)
Click to expand...
(highlights are mine)
 
Chasero said:
Yes.. I definitely wouldn't want to be around that lynas plant..

http://www.thebull.com.au/articles/a/26215-malaysians-go-to-court-to-stop-lynas-plant.html
Click to expand...

What's the "yes" for? No one said they would not want to be around a Lynas plant!
The key word in the Bukit Merah saga is "illegal dumping". With all the scrutiny around Lynas, living next to the Lynas plant will be the safest place in the world!

My comments relate to the choice to build the processing plant in a place that had a bad experience with a badly run plant that engaged illegal polluting activity non of which Lynus will do. Yet Lynas can easily be targeted by Chinese funded propaganda and anti nuclear sloganizing and of course by those genuinely frightened due to past experiences, but not anything to do with a problem that Lynas might create.
 
i think there s no point for us to argue here... tht whether the plant is safe or not, right or not...

the residence in Kuantan has made up their mind.with those strong crowd opposing, most government in the world will bow to the pressure...

Lynas is a very very high risk counter now... :2twocents
 
notting said:
What's the "yes" for? No one said they would not want to be around a Lynas plant!
The key word in the Bukit Merah saga is "illegal dumping". With all the scrutiny around Lynas, living next to the Lynas plant will be the safest place in the world!

My comments relate to the choice to build the processing plant in a place that had a bad experience with a badly run plant that engaged illegal polluting activity non of which Lynus will do. Yet Lynas can easily be targeted by Chinese funded propaganda and anti nuclear sloganizing and of course by those genuinely frightened due to past experiences, but not anything to do with a problem that Lynas might create.
Click to expand...

So you wouldn't protest if a lynas plant was being built near where you live?

Even if the threat is 0.01% chance of something occurring, the fact is there IS an increase in risk.

Whether it's safe or not is the entire point of the protest?? There's an increased risk from living next to that thing.
 

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