"OK, a complex RE SX plant, first & largest ever built with cutting edge environmental controls designed in, was 10 months late by a start up company. Who was responsible? Rhodia & Chinese engineers at the design stage? Contract engineers during construction & procurement? Bad weather? Or was it wholly & solely NC's fault because he was in charge?"
The fact that it was late is not the point. The point is that we were told that "we were on time and on budget". Using that information the fundamentals looked much better than they really were. Using that information I added to my holding and recommended to many friends and relatives that they also invest in Lynas. By the time my "mole" corrected the information for me the SP was on the downhill run.
The information was "WRONG". The board was remiss in allowing that statement to be made.
There are no excuses . Absolutely none.
seems smsl have got problems, page-30
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