Basically the Chinese are just going to have to work threw the traders to get production from LYC. Noble. Glencore, ect ect. First JPM want their cut.
I have seen this show before when JPM owned a large % of shares and arranged project financing.
Page 16 link below, nice fancy plant ,,now who gets it? Noble?
http://www.windimurra.com.au/aurora/assets/user_content/File/2008%20Annual%20Report%20FINAL.pdf
Twenty largest shareholders windimurra
Rank Name Number of ordinary Percentage of
shares held capital held
1 J P Morgan Nominees Australia Ltd 30,499,944 19.77
lynas in todays afr...capital raising , page-35
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