Malaysia PDF site, page-31

'Because of license issues the contractor has not been able to do any of the work they planed in the last year.'

So why would Lynas be giving them any more money?

My guess on the pdf is that the government/s were copping political and/or public back lash over a government (not just Lynas) dumping ground in the middle of a forestry area - in addition to or regardless of the water catchment issue/non issue. I would further guess that someone in the gov/s leaked to the press the secondary location next door to LAMP as a softener so that when the gov comes out and says the forest in no place for an industrial dump, next door isn't just a make do decision, it's been on the cards all along. Call me a polital cynic, that's how I currently read it.

As to lack of other spending, try being a sub contractor over here, and getting majority of payment before product is onsite. Not going to happen. Amanda said in the CC that they were very fiscal with their spending/terms (or words to that effect). You can be guaranteed that there are contracts in place and possibly guarantees for payment, and with 500m odd in the bank, the subbies would see it as a fairly safe bet. Amanda also said that the bank balance this time next year would look nothing like today.

You claim 'projects that are underspending are in trouble because work is not getting done', I claim that they are being fiscally competent, and as the siteworks haven't ramped up yet, they are not just throwing money at people to get the job done quickly. The money will flow when shit starts happening in earnest. Who knows, might even be a case of progress payments were schedulded for after 1/7 in the new tax year because it was advantageous to both Lynas and their subbies. We don't know.