lyc article sums it up perfectly, page-5

I agree that the Bruno article sums up the situation quite well.

IMO, at its core, the issue for the antagonists and the protagonists has nothing to do with science, logic, radioactivity, employment, economic development or international credibility. Neither are the delays and ongoing uncertain approval process the issue - they are just symptoms of it. The issue first and foremost is nationalistic politics.

IMO, a good article would dismiss all the sideshows and focus on strategies and outcomes to try to resolve the core issue. I'm not yet convinced that taking the battle head-first into the courts is the answer. That could be just a process of exhaustion given the endless pathways and considerable timeframes involved. And there is no doubt, IMO, that the antagonists are motivated and will not become shrinking violets overnight.

IMO, Lynas could do with a strategic and substantially influential local partner on board - that is if any Malay is willing to step into the limelight to test the popularity stakes of such a proposal.

Currently, IMO, shorters may still have the fine points of the MK agreement to consider, and a time cushion until the next election within which to make money. There is also the argument to make, that the trade has been derisked for shorters, by both the issuing of the TOL and the subsequent and ongoing market and administrative / legal responses to it.

Regardless of the distractions and noise, concentrate onshore at the LAMP would now seem to be the most likely price sensitive milestone for the longs / investors looking for a sustainable trend reversal.