Email response to the same questions NightStalker posed...."In...

Email response to the same questions NightStalker posed....

"In summary, a "reset Event" will occur where: a) the Temporary Operating License ("TOL") has not been obtained by Lynas on or before October 15, 2012; or (b) there is an announcement by the Malaysian government on or before October 15, 2012 of a decision to refuse to grant the TOL.

The Malaysian government granted the TOL on 5 September 2012, and therefore the Company considers that no "Reset Event" has or can be triggered by the delay, or by any recent order of the Kuantan High Court. The current conversion price for the Convertible Bonds remain A$1,25.

The Kuantan High Court issued an interim order maintaining the staus quo in respect of the TOL. The interim order has the effect of suspending any new action under the TOL until the decision is delivered on 8 November 2012. Therefore , the first feed to kiln date will be delayed later than the previously advised date of October 2012.

Lynas has assembled an excellent team in Malaysia, it will be very important to Lynas to have the whole of that team retained and available for first feed and start up of the LAMP."

I am still awaiting an answer and clarification regarding media reports on Key licenses being obtained to ship and store ORE at its Gebeng refinery despite the TOL being suspended and if indeed shipping therefore can take place in readiness for first feed.