I don't really see the bad side. The condition to cease C&L in Malaysia was made ~3 years ago and LYC had to spend the ~$500mill. in Kalgoorlie to do it there. If they removed the condition permanently, what are they going to do: mothball Kalgoorlie until the throughput catches up? It's a sunk cost and from memory there were some secondary benefits of C&L in Kalgoorlie anyway - reduced shipping costs at the least. Also less stockpiled waste to be PDF'd, and just removes (you'd think) any future protests/politicisations in Malaysia. Agree the whole thing is ridiculous (see Condisoil) but now that Kal's close to commissioning, looks like clear sailing from here with the 6 month extension...
LYC Price at posting:
$6.58 Sentiment: Buy Disclosure: Held
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