After watching the Chinese steal the US bonded NdFeB industry from inside China Nick Curtis returned to Australia in 2002 and bought MtW from Ashtons.
Plenty transpired next 7 yrs but basically Lynas signed six offtakes then $450M equity raising in 2009, this was the funding that built Phase 1 at LAMP.
Important IMO this story does not get corrupted as Lynas was both able to capture all the premium ROW REO customers plus raise $450M investor equity something despite the insufferable levels of rhetoric no one has got remotely close to duplicating a dozen years later!!!
Does this not suggest an uncomfortable reality for any that can resist the uncontrolled enthusiasm of the happy clappers???
I've been fortunate to get some understanding of just how hard the current team have worked on in-process purities to create cost effective products to broaden their downstream offering, now 16 products from memory, none of that business has dropped into their lap, nor will it.
LYC Price at posting:
$6.83 Sentiment: Hold Disclosure: Held
(20min delay)