With statements like "Refining rare earths is a dirty business and we want people to know what it involves. We might not win in the courts, but whatever action we take, it bleeds Lynas a little bit more and makes it more difficult for them to raise money," says Mr. Tan. And NC s "We've raised 175 million [Australian] dollars more than we wanted. It's cost our shareholders," Mr. Curtis, Lynas's chief executive, said by telephone. "It's not acceptable, but it is what it is." WSJ is somewhat prejudiced against LYC but all in all this article is reasonably balanced in comparison to some of the tripe they have published in the past. Tans intentions are quite clear and as much as I think they are misfounded he certainly has some determination and at every failure invents another course of action. At some stage he and SLSM need to be held to account this is after all a form of financial terrorism and his statement to burn LAMP is a direct threat.
LYC Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
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