LYC 2.03% $6.74 lynas rare earths limited

company now needs to get proactive

  1. 1,165 Posts.
    Up until now I didn't think the company should have been doing anything special other than to just wait like all of us. But now the delay has become so protracted that they must take some proactive. First, I would suggest the company send and publish a letter to the Malaysian government pointed out the history of the LAMP project, beginning with the Malaysian government's INVITATION to Lynas and the incentives granted for the company to locate in their country. If there is not a speedy and acceptable reply, then I think the company and international media, especially the international financial media, needs to descend on LAMP and draw the bright lights of the media. Also needing to be highlighted is the monthly cost to the company of unnecessary delay. If the Malaysia is determined to destroy the company, then the company must be ready to destroy any prospect of future direct foreign investment anyone other than the Chinese, who have no standards of decency re. host nations. My only stipulation would be that NC NOT take the lead--he is ill suited to such tasks.
 
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