I agree that we will see a jump and $1 is probably conservative. There have been supportive articles in the Malaysian press recently, including one about the missed opportunity of Condisoil. Lynas has always behaved as the exemplary corporate citizen and supported their employees and the local community especially during COVID. Given the current government's more business-friendly position it would be unfathomable to me if the licence was not renewed. Politics sometimes does not follow logic and there is always the possibility of foreign government interference. Lynas is wise to consider all options however unlikely they may be.
LYC Price at posting:
$9.77 Sentiment: Buy Disclosure: Held
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