LYC 0.00% $6.40 lynas rare earths limited

brainwave phase 2, page-48

  1. 19,584 Posts.
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    Thnx Primaj, I'd just add "...Lynas undertook a high level review of the engineering conducted to date. This review was undertaken by a consortium headed by Mintrex, and including
    Abesque Engineering (AEC), BEC Engineering (BEC) and United Group Limited (UGL).
    Lynas requested various parties to submit proposals to complete the remaining engineering works. Following a review of the proposals received, Lynas has decided to engage United Group Limited as Engineering Contractor"

    http://www.lynascorp.com/Announcements/2009/Project%20Update%20161009%20v2%20775092.pdf

    Lifton reported first production late Feb. Why was it not until late June, 4 months later, that the problems arose and then not reported until late July?

    I suspect that there is more going on than has been revealed and even the outcome has been left rather vague. Fortunately Moly appears to be in a rather similar position.
 
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