nursery wrote: No. The talk was,"dont be a lemming",...

nursery wrote: No. The talk was,"dont be a lemming", "accumulate", "don't accept the Chinese offer", "email the treasurer to prevent a majority sale", "tell the company you WILL support an SPP". The talk was also more along the lines of avoiding a wake than having a party or getting the mole to listen in at a bbq for some inside information.

Thanks for writing this. It inspired me to go back and listen to the first Lynas investor call (still on the website). What a nightmare. And yet NC is calm as can be while he sells the idea of selling control to the Chinese and explaining the logic of a 700 million share dissolution versus rights issues and other alternatives. He gives this bad news while emphasizing the restarting of the project (suspended February 2009) and the need to accept the "restructuring of prices downward" due to GFC (Mt. Weld price was $9). NC mentions just concrete at Mount Weld. Also says LAMP will be largest materials plant by a factor of two or more (53:37) Something to recall when thinking about Lynas' current first mover advantage.
I'm sure many realize these things from research and some from being here. But the post and investor call bring the history to life and it shows how NC handles the stress. I'm very impressed. The other footnote that goes with the call is the fact that as a listener you know FIRB did kill the deal and blow up the financing. In other words, nearly everything on the call ended up meaning nothing long term.

nursery, how you are still here is beyond me. But thanks for sharing. The history and perspective is kind of lost in investing. But when you experience it in the call, it is strangely enlightening.