LYC 3.39% $7.41 lynas rare earths limited

update

  1. 1,651 Posts.
    conditions be completed to release funds

    1 eviromental approvals......completed
    2 engineering report .......completed 18/12/08
    3 sales contracts ..........completed 13/1/09
    4 Demonstration of full funding ...updated on 18/12/08
    now as of jan 09 contingency we have extra YA 30mill AUD
    5 New CFO replaces acting CFO. who still remain at LYC
    6 Security trust deed executed re 24/12/08 anns
    7 Customary banking ,the swapping of deeds/releasing funds documentation could be taking place right now?

    What other conditions are left??
    And LYC are making $$$ in the escrow interest

    This is my opinion so DYOR.
 
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