is lamp one fully operational or not

Nick Curtis - Chairman of Lynas Corporation is currently in Davos

Nick Curtis stated at the AGM on November 29th 2013 on subject of NAMEPLATE CAPACITY OF LAMP 1 and I quote



"The plant is on track for target production by the end of the year"

In layman terms he is saying in my opinion LAMP ONE WILL BE FULLY OPERATIONAL BY THE END OF CALENDER YEAR 2013

Following up with this statement he said, and I quote

"We believe the achievement of our target production is imminent"

This is fluff in my opinion and really saids 'WE ARE ALMOST THERE'

Now there was a release further to this recently indicating that March quarter will see name plate capacity achieved

The question on my mind is whether the 3000 odd tons of contracted rare earth materials will be handed over to the Japanese agents

In the meantime Nick is in Davos

While Eric is minding the fort back home

What I interpreted from the girl taking my call at Lynas Headquarters in the weee hours of this morning is

The big guns will have returned by Tuesday to OFFICE AUSTRALIA

Four full business days and counting before quarterly is released with all the relevant data our forum will be waiting in anticipation for

Forget all the fluff - upramps, downramps, graphs, and all that goes with it

Cold hard facts is what we want - and hopefully will be provided in the upcoming quarterly

I believe this will be the most important quarterly issued and decide the percepted values of everyone punter associated with Lynas Corporation

I am fully loaded - hopefully the risk/reward will fall in my favour

The above is my opinion only, how you interpret these comments will be your determined solely by the reader

Do your own research

The above should not be construed as investment advice