LYC 1.98% $6.92 lynas rare earths limited

av 70c, page-10

  1. 3,981 Posts.
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    one has to wonder, just what has changed from DB's previous thoughts..

    "Deutsche Bank had previously pencilled in approval this month has now extended that expectation. The bank's Malaysian strategy team is expecting the next election to be called possibly as early as November. Deutsche's base case is for the incumbent government to remain in power with a 60% majority and that on that basis approval for the LAMP would be ultimately granted, with January next year the broker's new target. The analysts nevertheless remain cautious given the uncertainty, given the funding implication from further delays an given the general risk of ramping up such a complex facility."

    http://finance.ninemsn.com.au/newscolumnists/greg/8512310/correction-lamp-going-out-for-lynas
 
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