Ian Chalmers: My understanding, and again like you I am just getting it from the public domain, is that Lynas had been instructed that they have to come up with a solution to the radioactive waste. Now in the meantime they have stopped production. I understand it was only initially for a month while this review was completed, but they have to come up with an issue to deal with the radioactive waste that is already on site. It is a serious problem, but it is a problem I do not believe the Malaysian government cannot resolve because there is too much outside influence on the Malaysian government. There is a strong relationship between Japan and Malaysia and really a lot of Lynas’ product goes to Japan. I think I would be very surprised if the Malaysian government shut down the operation.
What do you think guys? When will we hear something new from the Lynas management or the malaysian government?
LYC Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
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