AL Interview, page-5

'But more than two years later it has yet to hit stage 1 capacity of 11,000 tonnes a year, racked by opposition to the project on environmental grounds and by technical problems. Once it reaches that rate, Lynas will be cash flow positive, CEO Amanda Lacaze, who took the role in June, said on Wednesday.'

So now we have BE at 916T PM. Where is the 750t BE that Eric stated?

Lets assume AL is correct. The expectation is that LYC will be at BE by the end of Dec. Another 6 months of cash burn, and as we know from previous history this new target date may be deferred well into 2015.

And again we have LYC saying that the business is profitable at current prices and they have customers who would take more product. WHY IS PHASE 2 NOT in PRODUCTION?????

IMO, they have a technical disaster on their hands and even getting phase 1 working at anywhere near design has been a considerable challenge and will be for at least another 6 months.

So the cash burn continues for another 6 months at least. The lenders and bond holders have LYC by the balls - not looking good.

Lastly we have LYC management using Malaysian press to announce what IMO is market sensitive data. Lets see when Mr Market gets a chance to vote on this news.

LYC just keeps delivering news to support my 'sell' sentiment for the last year. The writing has been on the wall for at least 12 months, if not longer for those able to see it.