LYC 2.86% $6.11 lynas rare earths limited

look at the bright side, page-3

  1. 30,924 Posts.
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    Zack, you should have posted that under "Humour".

    Try to get some sense of perspective. Common sense went out of the window a couple of years ago. If there had been any common sense involved on the Malaysian side LYC would be in full production by now.

    Secondly, by postponing its decision, the High Court has ALREADY made a decision against all the review bodies, the Govt., the AELB and the expert panels who found the LAMP safe years ago. And against Lynas. Shareholders will always have a cloud hanging over them, that the Govt. will do something irrational on a whim. And if ANYthing goes wrong at the plant, you can be assured that it will be closed down indefinitely (again) until it is "proven" to be safe.

    Thirdly, if common sense had prevailed five years ago Lynas wouldn't have tried to be so clever with low wage, low tax environments in tin-pot third world countries where the brown paper bag is a major tool of business. What the hell was wrong with a politically stable, judicially mature environment when you're sitting on the richest deposit of REE in the world? The higher cost environment is a negligible consideration.
 
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