Hopefully we can get many of these recent comments deleted. They are clogging the board with unattractive and irrelevant nonsense and burying the good stuff; by design, I suspect.
Permabulls and puppets should stop shouting down intelligent commentary they don't like.
If you can't handle rigorous intellectual discussion, then move to some other board.
Lynas management has failed to address their storage issues in any transparent way, period. I was not alone in pointing out their silence (or the associated risks to investors) over two months ago. And the same characters tried to shout me down back then, IIRC; good luck with that, LOL, you're your own worst enemy, just pumps me up and gets me off what I like to talk about: markets that matter and demand trends).
Lynas's continued silence in light of Fuziah Salleh's comments (only reported in The Star article; haven't seen it anywhere else), which Lynas mentioned but did not address (as they certainly have in the past, right down to suing her), starts to look suspicious to the alert investor. Where's the strong response? Were they counting on the 60-year political regime returning to rule, as top poster was? top poster was scared to death of an oppo win, said Lynas management was too, now both are playing it down?
Continued silence = Something to hide? That's what many will (and should) be asking themselves.
D
own 20% and still playing it down. Major shareholders pump and dump, happens all the time; beware the KoolAid they proffer.
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Here's the announcement from Lynas dated 15 May:
Lynas Corporation (ASX:LYC, OTC:LYSDY) notes that there has recently been a change of government in Malaysia, and that this may have influenced recent changes in the share price. We look forward to working with the new government. We believe that the election result is the main influence on the recent changes in the share price (which began last Thursday)
rather than individual media articles.
A
recent article in the Star Online referred to environmental monitoring, residue management and related aspects of our plant in Malaysia. Our operations are independently measured and monitored. We have been regularly reviewed and found to be compliant, including at the time of our most recent licence renewal in September 2016. We are very transparent in providing data to regulators and to the public, including via our website
www.lynascorp.com. We will continue to provide information on a transparent basis.
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BOTTOM LINE: Lynas says they've been "transparent in providing data" and are going to continue being just as transparent, so it's highly unlikely we investors are going to hear anything for months. THAT does NOT make me comfortable. The next comments by government officials (Fuziah or others) could present another buying opportunity, LOL.
Despite being 20% down, some persist in playing this issue down, hoping / pronouncing / joking / bullying that this is much ado about nothing while refusing to discuss intelligently. For example, ausheds refusal to offer any details on a plan he envisions would be
"relatively minor to projected revenues".
We KNOW that Lynas cannot continue to store all residues on site forever (could be very close to stated capacity of 5-10 year). We KNOW that Lynas has no approved method of getting them off site. And yet they provide no assurances of a path forward. Is that being transparent?
If they know that Condisoil approval is just a matter of time, then why haven't they provided any further information on its production, its associated capex/opex and so on? Why no assurances that on-site storage is sufficient for x number of years that will give them a chance to ramp up Condisoil? What's the preferred Plan B and does that address the storage issue in a timely manner and at what cost? Nothing but crickets while the market plays rugby.
(20min delay)