Luckily I sold out of Lynas about 6 months ago, I simply had other stocks that took my appeal. Very sad for existing holders, sincerely hope this pans out well.
The company has excellent resource, and management, and in a growing market. Malaysia would be unwise to screw to this up. $800 million investment, potentially destroyed in 6 years? I wouldn't touch investing there no matter what the tax incentives.
This woman has a serious bone to pick with Lynas, so how anyone can claim she will lead an impartial study if simply farcical (see my earlier post re social media posts). Existing shareholders would be well advised to make a lot of noise to Julie Bishop foreign affair minister to open talks immediately with the Malay govt. $1.3 Billion dollar company and a lot of local jobs is no small matter.
Hopefully this gets squashed soon enough for existing holders, or at least common sense prevails and a true impartial person is heading the review.
GLTAH
P.S Company has made a serious oversight in not declaring this price sensitive. Shame management of Lynas has usually been very good IMO.
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Ann: Media Speculation - Review of Lynas in Malaysia, page-147
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