LYC 0.39% $7.75 lynas rare earths limited

impressive flooding kuantan, page-31

  1. 334 Posts.
    ratus,

    The danger to LYC shareholders is not from the flashflood. LYC is a Malaysian political time bomb.

    The present BN government has hidden the facts from Malaysians through the Official Secret Acts (OSA). However there are doubts the BN government will survive an election that must be held by April 2013.

    At the first sign of trouble, a number of BN Ministers have come out threatening LYC temporary license. As all Australians will know, it is an impossibility to be able to re-import the waste products back into Australia.

    The current Prime Minister Najib Razak has enough problems of his own - his alleged involvement in the corruption purchasing the Scorpion Submarine purchases undergoing inquiries in the French Court, a former close associate (Deepak)spilling the beans on matters connected to the alleged Najib connections to the murder of Alantanyu - a Mogolian Model are just a few of Najib's problems. LYC temporary license will hit a proverbial landmine if the BN government is booted out.

    Even the previous IGP (the top cop) has come out singing about Government interferrence and corruptions - all these are bad signs for the ruling BN. It is the lack of the rule of law and murky deals that has allowed LAMP to proceed.

    A political Tsunami may be in the making and there is a probability the BN government will be booted out and with it the LYC temporary license.

    UNLESS you trully understand Malaysian politics, these issues of flashfloods and what-nots are noises.
 
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