LYC 2.03% $6.74 lynas rare earths limited

Ann: Malaysian Regulatory Information, page-14

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    DrM:

    "So what we have done is we have opened up the business to other people, and there are other companies willing to buy up or somehow or other acquire Lynas, they have given us a promise that in future before sending the raw material to Malaysia they will clean it up first, they will crack it and decontaminate it in some way with regard to radioactivity, so that when the raw material comes here, the volume is less and the waste from that raw material is not dangerous to anybody."

    WES:

    "In all our discussions with Malaysian authorities we have made it clear that we don’t speak for Lynas, that our proposal to acquire Lynas remains subject to a number of conditions and there is no certainty it would result in a transaction," Wesfarmers said on Monday.

    "Lynas’ operating licensing issues are matters for Lynas to resolve with the Malaysian government. We have listened to the Malaysian government’s views to better understand the options for satisfactory licence certainty."

    Scott would seem rather conflicted, occupational hazard when you buy your magic wands at Coles.
 
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