LYC 0.34% $5.93 lynas rare earths limited

e-mail to lynas

  1. 999 Posts.
    Hi All,
    I forwarded this e-mail to Lynas at 8.09am this morning.

    FYI Hopefully this is good news


    > Briefing ON MEDIA LYNAS
    > Atomic Energy Licensing Board (AELB) will conduct a media briefing regarding Lynas issue that will be held on:-
    Atomic Energy Licensing Board (AELB) will Conduct a media briefing regarding Lynas That issue will be held on: -
    > Date: June, 28 2012 (Thursday; Time: 2.30 pm Date: June, 28 2012 (Thursday; Time: 2:30 pm
    > Location: Board Meeting Room, Blok C, AELB Dengkil Location: Board Meeting Room, Block C, AELB Dengkil
    >
    > All press and media are invited. All press and media are invited


    > http://translate.google.com/translate?hl=en
    > > ov.my/
    > &prev=/search%3Fq%3DMedia%2Bbriefing%2BAELB%2BJune%2B28%2BDengkil%26hl
    > %3Den%
    > 26client%3Dfirefox%26hs%3DStF%26rls%3Dcom.yahoo:en-US:official%26prmd%
    > 3Dimvn s&sa=X&ei=y7foT4T4IOae2gWr0sGDCw&ved=0CFUQ7gEwAA>
    > &sl=ms&u=http://www.aelb.gov.my/&prev=/search%3Fq%3DMedia%2Bbriefing%2
    > BAELB%
    > 2BJune%2B28%2BDengkil%26hl%3Den%26client%3Dfirefox%26hs%3DStF%26rls%3D
    > com.ya
    > hoo:en-US:official%26prmd%3Dimvns&sa=X&ei=y7foT4T4IOae2gWr0sGDCw&ved=0
    > CFUQ7g
    > EwAA


    My question to the Board and the executive management team is as follows.
    Is Lynas going to place its shares in a trading halt pending this announcement by AELB which presumably relates to the issuing of the TOL. The TOL is a highly significant event in the life of this company and is certainly highly market sensitive.
    Current share market conditions have been and ideal hunting ground for the " institutional shorters" who have been driving the SP down even though on the basis of fundamentals the SP should be at much higher levels.

    I am requesting a halt on behalf of your loyal retail shareholder base who hold at least 25% of shares on issue in this company and maybe more as many have been accumulating shares at these levels. The Board should institute a trading halt before the commencement of
    trading Tuesday the 26th of June 2012 to await the AELB announcement.

    Some of your retail investors have held shares in Lynas since 2006 and have ridden the ups and downs with this company and have NOT SOLD they have also willingly put their hands in their pockets and participated in capital raisings and share purchase plans to assist the development of Lynas because they believe in the REE story and they believe in a bright future for Lynas corporation. It is about time that the Board and management rewarded the loyalty of its longstanding investors and protected the share price by calling a trading halt.
    I await your positive response gentleman.

    Lynas's response


    From: Lynas Corp.
    Sent: Tuesday, June 26, 2012 11:48 AM
    To:
    Subject: RE: RE AELB Media briefing re Lynas

    Dear ......
    Thank you for your email.

    We understand that Thursday is the AELB's ROUTINE WEEKLY PRESS CONFERENCE DAY. Accordingly, there is no reason for Lynas shares to be in a trading halt.
    Draw your own conclusions everyone.



    Best regards



    Lynas CORPORATION LTD

    Level 7, 56 Pitt Street Sydney NSW 2000 Australia

    W: www.lynascorp.com









 
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