new .35 cent price target on lynas, page-22

MCP & GWMGF are both overhyped by analysts and newsletter writers, dont forget these guys recieve up to $250,000 for pumping and teasing these companies. i like GWMGF paid 27c sold $1.10 in feb. bought more lynas, what scared me about GWM was the mine in africa, i just happened to research the truth that the company and promoters forget to mention.
i quote from the report.


Filled with radioactive waste, its buildings gutted and crumbling after 48 years of disuse, the abandoned Steenkampskraal mine would seem to hold little value to anyone.
Until recently, the decaying apartheid-era mine in a remote patch of South African desert was mainly of interest to scientists studying the effects of high radiation on the thousands of bats that hibernate in the empty mine shaft.

The mine at Steenkampskraal contains some of the world?s richest grades of rare earths. But the ore also contains thorium, which is highly radioactive, creating problems of storage and disposal. This small tract of desert is one of the most radioactive sites in the world, according to a consultant at the mine.

The mine site is riddled with radioactive waste from its production years of 1952 to 1963. Even the crumbling buildings, segregated under apartheid rules into detached houses for white employees and hostel dormitories for black workers, still contain radioactive material. And none of it was cleaned up when the mine shut down.

when i became aware of this i sold as it was also a good time to bail out, now, people are lead to beleive LYC has a waste problem, but it is manageable as we know, the IAEA said the plant is safe, personally i dont think this situation in africa is safe, would you go in that mine and work, this is not colonial africa any more they have safety standards and unions, i forsee big problems ahead for this company, not surprised these promoters dont mention any of this.

the previous producing mine in california owned by the MCP has a history of polution, i cannot see an easy solution to their future problems either. to say both these comanies wil be in production early 2012 is a ridiculous statement, at least LYC has been upfront with the facts and in my opinion will overcome all the obstacles, some of which are created by jealous competitors and writers who ignore the facts.