Takeover target, page-16

Did you miss this or not understand it:

"Our Japanese lenders, Japan Australia Rare Earths (JARE), have affirmed their support for the company and the management team as they continue to grow the business.

Sojitz Corporation commented: “Sojitz values our close partnership with Lynas and the Lynas management and sales team. The development of Lynas and its unique IP has supported the development of Japanese industry. Our customers have confidence in Lynas as a valued supplier of sustainable rare earth materials. We look forward to continuing to grow our business alongside our colleagues in the Lynas management team.”"

Pretty strong language for the Japanese in my experience, with numerous references for the CURRENT "Lynas management team".

https://hotcopper.com.au/threads/ann-malaysian-regulatory-update.4704001/#.XMD4hDAzZhE

Does it come any more obvious than that?

Patently clear to me the Japanese have a deep respect for the people & culture at Lynas, particularly their attitude as custodians of ROW RE. Reality is it is a TINY industry in the scale of things, with an importance way beyond its size. Many will have noted AL's frequent comment "Lynas needs to grow WITH the industry, not in front of it", or obviously behind.

You can take that as a glib throwaway, or you can think thru the ramifications, as IMO the Japanese clearly have. Growth is all about customer wants & needs, product first, NdO, PrO, La & Ce to spec, blends to spec, THEN volume.

Try selling that to corporate HQ next HY return.

Been a number of occasions where they could have rushed ahead with total volumes, notably after successfully commissioning 4th train, which used up all the buffer points across the plant, but they spent 4 Q's gradually working volumes up, overcoming legacy issues with the first two trains, meanwhile developing the IP to value add La & Ce in order to be able to place higher volumes at higher prices, and developing the LynasNext strategies.

Effectively as they have developed the plant so too have they developed their mkt. It's a very, very long way from a fertiliser plant, as the Japanese (and a handful of Global 1000) beneficiaries are acutely aware, having ridden shotgun thru the entire process.