The comments to me read as though LYC is aiming for an extension only to allow them to finish and ramp up KAL, then they are out of Malaysia (or no more investment and tail off).
Perhaps Malaysia saw the writing on the wall already. This way they can retain the the environmental narrative, as opposed to LYC saying thanks for the conditions but we’re leaving anyway.
The ‘hope’ here is that tue Minister capitulates to international pressure (only an extension until KAL is completed). I suspect he will, but the government will do so in exchange for some further commitment from those that rely on LYCs minerals.
long term I’ve changed from a hold to buy.
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