I think he has had some reasonable insights before though i found his critique of the 'unnecessary' train expansion to be way off the mark. It was pretty clear from past news releases why they were doing it and that the increased costs and lower production were expected.
I do have concerns about why lynas seems to keep getting what appear to be sub market prices for their NdPr and i think the ongoing creditor support can be a double edged sword. But i don't see flexible creditors as the all out negative he portrays it as. Makes sense that they would rather recoup their money rather than lose a huge chunk of it if the company goes belly up.
Am hoping the ongoing support is because they are seeing a light at the end of this tunnel and that it is getting closer.
Ben Kramer-Miller, page-4
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