It would be very unusual to find someone paying that price after reports have been published that might mean a production delay "for years".
I would guess that the SP is going to tank about 20-30% after the trading halt. It's the uncertainty. Lynas will of course try to find the positive aspects of the report.
But the fact remains: according to the Malayan authorities there is NO LICENCE and NO MATERIAL coming into the country.
This costs Lynas a lot of time and money with complex implications possible because of various contracts regarding
A. construction B. transportation C. production D. delivery obligations
The vital question now is to determine a realistic timeframe. How much time will the additional requirements really take?
And furthermore:
Do the costs-implications of the requirements mean, there has to be a new BFS?
regards Julia
LYC Price at posting:
$1.98 Sentiment: Sell Disclosure: Held
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