time for a big shake-up at lynas, page-21

Hi Jan,

The perplexing thing about sales is that the basket price is at China domestic price and not at the higher China
FOB export price.

Either :
(a) We're selling to China
or
(b) We're virtually giving it away to ROW customers
without the Chinese export levy.

If (a) then the market should have been told because this impacts on price ( the Lamp and potential customers being outside China, the market expects at least Chinese FOB
price-everything else being equal-)
(There's a 15-25% difference)

If (b) then we dont need a sophisticated marketing department. It requires minimum skill to get Chinese domestic pricing; just an ad on Alibaba!

It also looks like EN is slowly going the way of his predecessor; loosing credibility by not living up to
forward looking statements.

Cheers
Moorookamick
PS:Looks like the shorters have got it right once again...I wonder why? MM