Strongly agree.
While this was a major battle that we won-this time. The war is not over and we will continue to sink 100's of Millions unnecessarily to keep some idiots happy. No recycling, PDF, all non optimal outcomes. Plus they are obviously lurking in the background waiting for the next chance to cripple us.
All the positive reinforcement we are getting from DR M now is about courting much needed foreign investment and the strategic importance of our product. We are safe while he is around, but he has a limited shelf life with his promise to hand over to Anwar, the 3Yr election cycle and his advanced years.
We still have a major battle over the PDF site. The PDF is an SMSL medium term strategy to staying relevant. You can bet your bottom dollar they are going to protest any plan and chosen site, try to delay the completion of that condition.
Also very very tired of having this battle every time the future starts to look good. Remember we were broaching the $3.00 sp mark when the last review was called, and again, when the review found no infractuons, and still Sour Cow YBY /Dr M imposed artificial conditions. Remember, "Lynas maybe be sold to interested parties..." and now this current 6 month extension and additional toxic levy crap.
Yes. it will cost a lot to get the hell out. We should do it while prices and revenue will finance the move. SMSL can take a running jump into Balok River. We have had enough. While we can deal with the constant whining in the press and they still pose a viable threat. These people are ignorant and intent in staying so. There is no hope for them. Lynas being in Malaysia is akin to the old Malay saying,"Bagi Kera dapatkan Bunga". "Like giving a flower to a Monkey". Ironically, the Monkey in this case is mostly the Chinese people rather than the Malays.
The only thing that Dr M can do to remedy the situation properly for all the damage done by the Greenie Watermelons and convince us to stay, is to completely destroy the political futures of Sour Cow YBY, Wong Twit, Fuzzy and all the DAP idiots who have been parading on the news about how hard they fought and how they will continue to undermine him.
You won this battle? How is having to rebuild a major part of the process in Australia, with higher operating costs and taxation, a win?
You have lost this one. Wong Tack and Fuzzy are the winners. Malaysia and Lynas are the losers. Whether you can retain what you still have in Malaysia remains to be seen, looks likely at the moment certainly, but as you now know, in Malaysia, there are no guarantees.
(20min delay)