basket price at $130, page-5

Hi

There are some fairly logical reasons for that: companies who are on the verge of becoming producers do not have those phenomenal rises which some explorers experience after each new positive drill result.

Also: Lynas have not been forthcoming in making well-timed releases to the sharemarket - there should at least have been some comforting noises made, or a condolence letter sent to Sojitz re the Japan disasters, which could have been an excuse to communicate with shareholders via ASX.

I think the market is also jittery because of the objections raised by Malaysia's Greens re the LAMP; again a brief statement referring people to their plans for protecting the environment (available on Lynas' website) could have allayed fears, and
last but not least everyone was side-tracked by the constant public discussion about the proposed FRG deal - for example: if I came in cold and saw that discussion, I would not have bought LYC.

I guess Lynas' management was also sidetracked, but I believe we are now concentrating on Mt Weld and LAMP. The fundraising could still be a down for the s.p.

Lynas needs better P.R.

Cheers

Taurisk