LYC 1.14% $6.22 lynas rare earths limited

lynas will not have negative impact , page-14

  1. 19,584 Posts.
    lightbulb Created with Sketch. 4970
    LOL Niqo, your in the thick of it again.

    Beware we have poster's here that think the LAMP would be better in Oz paying company tax, 3 x payroll and of course the JuliBob carbon tax to boot. Let alone the cost of water, gas, electricity & acids.

    Very, very easy to sit behind a keyboard in 2012 and criticise a decision made several years ago when the basket was way under current levels. Part of the decision making at that time would have been to insulate Lynas from lower prices and that should be respected as a point that balances some degree of sovereign risk.

    Malaysia was smart enough to attract a business highly likely to both support their existing electronics industry and spawn further high tech while at the same time we enact a tax that will put most of our aluminium & steel processing out of business and throw money at a car industry with little economic future.

    Oh sure, tariffs, what a wonderfully nineteenth century solution.
 
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