-The lamp did build a proto type to test the process.
-Hi tech plant don't have warranty ,its not like buying a toy of the shelf.
There are always teething issues, the problem was the abrasive mixing and baking.
-The problems are fixed, stage 2 probably wont happen until there is a profit to be made and they have the manufacturing process down pat.
Considering what Lynas has been through ,GFC,BOND HOLDERS WANTING THERE MONEY BACK,THE PEASANT UPRISING IN MALAYSIA, PRICE DROPPING ,TEETHING ISSUES....THE COMPANY HAS STEARED QUIT WELL. AS A SHAREHOLDER ITS BEEN A RUFF RIDE.
The fundamentals are still there its a matter if the company can survive the next two years with current prices. It could be a MA stock , and there are lots of rumors from brokers to support this theory.
Ann: Annual Report to shareholders, page-25
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