LYC

0.39%

$7.75 lynas rare earths limited

News: LYC Lynas Corporation Appeals Condition Imposed For Renewal Of Lynas Malaysia's Operating..., page-56

First 56 Last

Share
Profile

Follow
zeropointmind

421 Posts.

170

06/01/19

03:20

Post #: 37035739
Share

Originally posted by EddieB ↑

I wouldn't presume to second guess Lynas's legal strategy but I think I like the way they're proceeding.
We're all seriously p'd off with the attitude of the minister and other toxic opponents. There is no doubt they have lied, abused process and been actively hostile to Lynas's continued operations on no sound scientific basis. I think we can all agree on that much.
So how does Lynas proceed to serve their interests best, always respecting the law and environment? Not by calling them liars and tackling them head on with law suits and counter accusations against individuals. Not in any country and especially not an Asian one where anti-Lynas are winning the PR war. That would set in stone a perception that Lynas are a bunch of colonial minded boofs and bullies who think they can bluster their way past sovereign rights. Every person sued would have to "win" or lose massive face, the space for any possible compromise would vanish and the Malaysian population would have all their worst suspicions about Lynas confirmed. Tempting as it may be, such a course would be a massive blunder; perhaps ruinous. (In that spirit I'd implore some here to moderate their language and avoid giving them further ammunition.)
In the end the malaysian process will confirm the minister's "decision"; Dr Who above quotes the law and ultimately it's the minister's call. So what's the point? Twofold as I see it.
First, Lynas get to have the decision clearly defined and documented. Rather than some letter from an underling pointing to a press release woefully short on specifics, the minister and her department will have to clearly set out the requirements, permitting processes, required timelines and so on. On that basis concrete planning can be put in place (or Lynas can decide it's impossible).
Second, Lynas maintain the high ground legally and culturally in stark contrast to the minister and her behviour. I'm no lawyer and certainly not aross the WTO and the like but I ASSUME Lynas has potential recourse via internation law. Possible grounds: being singled out for harrassment, rules imposed on them not being applied across industry, changing of foundation agreements without any due process or justification, ignoring world waste management best practice after requiring it ala IAEA recommendations before the TOL was issued etc.
If it comes to that- and I suspect it will- then the fact that Lynas has always played by the rules and respected Malaysian law, is start contrast to their treatment there by BOTH governments, will place them in good stead for a positive outcome.

Expand

While I see your point and agree with that philosophical position, that's the course of action Lynas took in the past. Here we are again, same game being played. Where does it end ? Clearly we disagree. IMO, this time Lynas should make it clear they are willing to play hardball. There are plenty of easy targets in Malaysia, let the politicians move on to one of them.

LYC Price at posting: $1.52 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMA

Issues emerging as Australian companies tackle critical minerals challenge

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

There are more pages in this discussion • 40 more messages in this thread...

First 56 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $7.75		Change 0.030(0.39%)		Mkt cap ! $7.244B

Open	High	Low	Value	Volume
$7.71	$7.81	$7.63	$12.03M	1.561M

Buyers (Bids)

No.	Vol.	Price($)
1	6556	$7.73

Sellers (Offers)

Price($)	Vol.	No.
$7.77	3385	1

View Market Depth

No.	Vol.	Price($)
1	2000	7.640
3	20260	7.600
1	3000	7.550
2	2833	7.500
1	2000	7.430

Price($)	Vol.	No.
7.840	293	1
7.850	6064	3
7.870	2000	1
7.890	8800	2
7.900	24269	7

Last trade - 16.10pm 11/10/2024 (20 minute delay)

LYC (ASX) Chart

News: LYC Lynas Corporation Appeals Condition Imposed For Renewal Of Lynas Malaysia's Operating..., page-56

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

News: LYC Lynas Corporation Appeals Condition Imposed For Renewal Of Lynas Malaysia's Operating..., page-56

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Cauldron Energy reports "excellent" uranium assays in latest drill run

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News