LYC 0.48% $6.26 lynas rare earths limited

snapshot of primeminmalay answer concern lynas, page-3

  1. 1,335 Posts.
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    In a way, this is good news imo. If this item is bona fide, what we have here is a clear statement by Najib that the government itself is indeed satisfied. The exercise for them is about feeling convinced that the people are on board. How exactly that can be measured is beyond me.

    It seems to me that this is all a "timing" issue for the government. So if you are a LT holder like me, I'm comfortable with them taking a bit of time. That makes me what they call an "investor" rather than a "trader." For those out there with the patience of a three year old, please grow up or at least go do your trading somewhere else. We're all frustrated but these are good rumblings, not bad.

    My guess is that when there is a period of political calm in Malaysia, Ongkili will be OK with granting the TOL. We can't' rush him. Even our own Minister can't rush him. It's clearly a Malaysian political problem. Sorry to say it, but we can''t make them move until they are ready.

    Happy to hold and if the price drops any lower to keep accumulating. The other threads posted today show among other things that the value of this company once it clears this hurdle is potentially a *very* multi-bagger. That the SP is holding up when the market is under pressure testifies to its overall strength and also that it has basically gone as low as it's likely to go. Shorters, may you burn. LT's - have a coffee and keep waiting like me.
 
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