LYC 0.90% $7.70 lynas rare earths limited

anwar u-turn

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    http://www.bloomberg.com/news/2012-05-30/anwar-says-divisions-won-t-threaten-opposition-if-it-wins-vote.htmlw

    Anwar Ibrahim Quote:
    “It is not the business of a new government to go and dismantle all agreements,” said Anwar. “But if we find, take Lynas for example, if you can’t convince us of the safety of the citizens, then of course we have to review.”

    Looks to me like Anwar will not just shut down Lynas for no reason if he wins the next election. Hopefully Lynas will be in full production and prove to everyone the LAMP will not harm people or the environment before the elections are called. Not that I think he has any chance of winning, it would just be nice to de-risk the LAMP from sovereign risk even more.
 
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