LYC 0.34% $5.93 lynas rare earths limited

LYC; looking forward, page-66

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    Some here are claiming Lynas agreed to relocate C&L to WA and only complained/appealed 4 years later.
    Not true on several levels.
    Lynas agreed to nothing; the conditions were imposed on them. They got the 3 year license renewal in Feb 2020 which freed their hand somewhat, but were still subject to court actions re judicial reviews by anti-Lynas parties of their operations as late as Aug 2022.
    In the meantime Lynas and friends such as the High Commissioner, US Ambassador, JOGMEG etc were lobbying like mad; you don't get a sympathetic hearing if you're simultaneously suing them!
    Finally this Feb, straight after the license renewal they lodged 2 court appeals against their license conditions since 1. they could guarantee ongoing operations and 2. it became clear that appealing to reason was pointless.
    I support their pro-active stance on these matters.

    One example of the intense lobbying:
    https://www.malaysiakini.com/news/443662
    And remember; around that time there was no certainty the LAMP would be able to operate at all.


    Last edited by EddieB: 05/10/23
 
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