The old adage "never ask a question if you don't know the answer" had never been mote true than here. They needed the license to operate BEFORE they even started building this white elephant . To ask the question now is totally incompetent . The market is misinformed, the management are too scared to speak lest the malaysians take offence and pull the rug, they ate at the mercy of a society stuck in the dark ages. They really want to stick it to the brash aussies and may even cut off their noses to spite their facts.
Even if they get the permission to operate you are going to.hve. over regulation and supervision, they will block the ports, they will block the roads, they will block the gates. It's a total shamozzle borne from ly.us greed at a 12 year tax free offer.
Now this co.edition is not even worth it anymore.
Lynas mucked up because they.should have had the malaysians put in some hurt money to ensure their companies and other co.tractors had some skin in the game .
They should hve ensured they owed Malaysian companies and co.traitors hundreds of millions of dollars including their banks to ensure that they squealed the loudest if they did not get paid . That should hve been a basic strategy. All these entities and I.individuals hve their money and now they don't care whether it goes ahead or not.
Poor poor strategy. By Lynus
LYC Price at posting:
80.0¢ Sentiment: None Disclosure: Held
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