LYC 0.00% $6.40 lynas rare earths limited

corporate regulator eyes lynas sale to forge, page-10

  1. 115 Posts.
    I was scared when I first saw the Age Headline. I thought it related to the Malaysian delay! However, I was pleasantly surprised when I read the first parts. This was my favorite:

    "Having boasted of "our next project" with "over $50 billion metal content" as recently as 2007, Lynas has now decided its Crown polymetallic deposit is "non-core" and has asked its shareholders to approve its sale to Forge for $20.7 million."

    That is the most damning piece of evidence in my opinion. The 20.7 mil price would even be appropriate if the site had no drilling done and no-one knew anything about it, except that it was close to Mt. Weld.
 
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