Dear vcr999 & tinnitus, Do you think the lenders will pick up...

Dear vcr999 & tinnitus,

Do you think the lenders will pick up the company cheaply, and that there is no reasonable hope for a LYC type survival story?

It appears to me the Chinese, like in the iron ore sector and rare earth sector, have lured Australian companies with short term high prices, only to then crush the price on the new entrants. This then allows to get cheap materials having sufferde a couple of years of high 'luring'prices.

They say that the tungsten is a critical metal, but the plant seemingly has been a complete balls up. Again, the similarity to LYC is striking.

GLTAH