This thread has a curious slant on it. Not just here, but in some other web based share newletters, there is some suggestion that TOL approval will not come before the Malaysian elections.
I think that this is bullshrit.
Here's a quote from NC in the last ann from the company:
"“Like everyone at Lynas, I am eagerly anticipating the commencement of operations at the LAMP and being able to supply our customers with product later this year."
LATER THIS YEAR. READ IT AGAIN. There are about 15 weeks left in this year.
I think that all we are seeing here is a combination of effects from China's contraction, its stated intention to release more REs onto the market and the basket price down. Add the major catalyst which is the delay in the issuing of the TOL and you have to wonder why some posters here expect this share to be flying. I am a LT holder and will wait this out. Sure, it's disappointing and we all want to see our shares go only up, up, up. But this isn't a fantasy world. if you don't sell you haven't lost. If you don't sell, they will have to pay more as there is less supply.
Breathe, people. Take a look at the lynascorp.com.au website and stare that the pictures of the plant and then ask yourself whether this looks like it's not going to happen....
It will.
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