LYC 0.50% $6.02 lynas rare earths limited

is malaysia ok?, page-2

  1. 89 Posts.
    Dick,
    Lynas doesn't have enough capital to move the LAMP to another country. Stock price will definitely crumble if things can't be worked out in Malaysia.

    So Lynas took it in the shorts by the NYT, meanwhile a fairly balanced story appeared in the Wall Street journal.

    http://online.wsj.com/article/SB10001424052702304450604576417243688119506.html

    The headline was "MALAYSIA STALLS PROJECT: Rare-Earth Metals Plant Has Become Mired in Environmental Considerations." Lead paragraph "A plan to break China's dominance over rare-earth metals suffered a setback as Malaysia's government put restrictions on a plant due to start producing thousands of tons of the materials within months."

    Not to say that Lynas doesn't have a little homework to do, but the article at least hints at the issue of Malaysia's quandry of continuing to attract foreign investments. I'd bet we'll see articles focusing on that issue in the near future.

    FYI, added to my position this week.

    Terbium
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.02
Change
-0.030(0.50%)
Mkt cap ! $5.627B
Open High Low Value Volume
$5.93 $6.08 $5.88 $43.41M 7.258M

Buyers (Bids)

No. Vol. Price($)
2 6279 $6.00
 

Sellers (Offers)

Price($) Vol. No.
$6.04 31762 5
View Market Depth
Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.