disappointing

The ARU share price is underperforming and very disappointing recently. Possible reasons are:
1. LYC will have cashflow later this year, therefore be able to takeover smaller projects, expand production.
2. Molycorp plan to expand production to 40,000t per year.
3. Around 20 advanced REE projects worldwide.
4. Nolan is a light RE project, and Light RE price is uncertain in 3 years time.
5. Nolan might need to raise up to 1 billion.

ARU's relationship with its chinese investor doesn't seem to be healthy to me, maybe because the government don't want chinese to get involved in australia's RE, maybe ARU just want to do business with japanese. Today's market action just confirmed this view. Japan is in trouble, so is ARU.

The management need to review its strategy. Nolan is important, but not critical.