LYC 1.45% $6.80 lynas rare earths limited

Media Release - Not a good Sign, page-180

  1. 2,555 Posts.
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    With history like this common sense goes out the window
    https://sg.news.yahoo.com/toxic-legacy-malaysia-rare-earths-village-072639561.html


    Lynas pays no taxes in Malaysia and since the cleanup and environmental monitoring would also create jobs the claims that is economic suicide are not entirely correct. Then there is the personal compensation payments to workers, their families and locals if they can prove their health was affected in any way as a result of Lynas operations there. Add to that the work created for lawyers doctors and other paper pushers and once you factor in everything it could go either way.
    The common sense suggests that unless you're already stuck with LYC the best course of action would be to stay on the sidelines and keep away from it until the issues are sorted out permanently or at least until the license is renewed next year.
 
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