LYC 0.90% $7.70 lynas rare earths limited

court process clarification, page-18

  1. 1,989 Posts.
    tototy

    "So, no where in the Lynas announcement of Oct. 4 they mention that the TOL is still frozen. "

    =============================

    Lynas refer to their previous announcement dated 25th Sept in which they refer to:

    "The interim order has the effect of suspending any new action under the TOL until the hearing on 4 October 2012."

    They then go on to say that the court has "adjourned" until 10 Oct the application - not sure what part you don't understand - is it "adjourned" ie postponed - goes without saying so to the interim order on TOL - in my experience and by sheer logic.

    IMHO some posters are trying to persue an anti-management agenda and will nit pick anything everything that Lynas have done or in their opinion should be done. Lynas would have to employ a full-time Investor relations employee and pay +$70K in order to fulfill some requirements of shareholders, given what I have read on these boards over the years. Money not well spent IMHO.

    Goes also to show that some posters/investors/traders should not invest if they don't understand commercial practices or aren't prepared to do their homework......IMHO

    good night tototy





 
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