'Instead the six month period throws a bone to Tack and company and gives Lynas plenty of time to continue to build the momentum it has achieved in recent days... '
While I agree to most points, '
continue to build the momentum' will require very urgent clarification on these two points, particularly the first point:
1.
Production quota - this needs urgent addressing, or we may have to shut down earlier than last year.
'
Ms Lacaze said on Friday that the licence extension did not deal with plans to increase production at Kuantan and admitted Lynas faced production challenges this year.'1
2.
Clarity regarding AELB bond - we have US$42M in cash and cash-backed bonds. LYC and investors needs to get clarity if we can use this money for a presumed PDF.
'It remains unclear what proportion, if any, of a $US42 million bond held by the Malaysian regulator for site rehabilitation Lynas can use to meet PDF costs.'1
Point 1 is very important for revenue, point 2 is important for both cash position and gaining trust for the Malaysian government.. (trust from LYC, investors, other FDI players). I really hope clarity regarding these points will be given to us in the coming few weeks.
1 https://www.copyright link/companies/mining/australia-s-man-in-malaysia-says-lynas-call-was-big-test-20190818-p52i99
(20min delay)