LYC 1.05% $6.73 lynas rare earths limited

lamp ready in 2 weeks, page-28

  1. 1,648 Posts.
    According by The managing director of Lynas’ Malaysian operations, Mashal Ahmad said “the company was ready to start operations in two weeks ”, but “shipments from Australia would take at least a month to reach Malaysia.” This meaning that even if tomorrow will get to obtain TOL, still also have about some 2 weeks idle time (loss), if The first phase output design as 11000 Ton/year, 2 Weeks output will be 423 Ton , =423000KG, now if LYCs basket price about $70/KG, then LYC already will suffer losses $29.61 million.

    and In addition : the time has delayed near 7 months from Sep 2011 to Apr 2012 and the budget has surpassed over more than double from $230million to $488 million, so therefore MR.Mashal Ahmad said : “The delay was causing serious financial consequences for Lynas. . .” that this ,his appeal (the request to the governments TOL. ASAP) seem like as the ultimatum statement:
    "the GAME IS OVER, laid down your cards on the table NOW." The government cannot sit on the fence again and must be clear show about the final standside.

    To Die, or not to die(rocket), this is the TIME for LYC now.
 
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