Why was CFO Sherrington in the US at this late stage? Plenty of thoughts on such.
More than a "show and tell" visit perhaps!
Just maybe the US - as it appears backing VTM for heavies also want to support another for NdPr supply. Maybe they see Lynas a risk geopolitically with LAMP - maybe they would prefer to instead provide USD600 million to Lynas for Texas plant - provide $$$ to ARU for supply security - our remaining 14% offtake available would hardly seem worthwhile though (perhaps someone already in offtake mix misses out for not delivering equity attached to their offtake thus freeing up more supply OR even an agreement whereby cash/equity injection for the remaining 14% plus all spot 20%.
Interesting and goes against my Australian JV partner theory but it does conjure up many thoughts as to why CFO in USA at this point in time after management very recently advised of a JV.
ARU Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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