joint venture with siemens, page-115

Guys and Gals

I hold for the longer term. I do not bother with Julia's missives, however I would also like to caution you that so far there is no legal agreement with Siemens. There is only a Letter of Intent (LOI) which has on page 2 - in small print a listing of likely scenarious and conditions under which they could withdraw from this LOI, this list is longer than the LOI.

So please do not count your chickens before they're hatched.

On the positive side:

On page 1, describing Lynas, I note the last sentence:

"The recently completed review of the International Atomic Energy Agency has confirmed that the Lynas plant in Malaysia, once completed later this year, is expected to be fully compliant with international standards."

Let's celebrate the positivity and forward-looking nature in this LOI and the good publicity Lynas gains from it, but stop short of calculating a possible share price, when Lynas are not producing anything yet.

Cheers
Taurisk