OK, so many overnight reports of what the MD said, most reliably this one, below...
I can't see how he can say this unless everything is in place to fire up in 2 weeks and that includes the concentrate. Whether thy have it in port at Singapore or a small container's ready to take off by plane, I have no idea - but I just can't see him making this statement if the concentrate was not going to leave Oz on a 4 week shipment until after TOL was issued, otherwise he would be saying production is already being delayed and our customers will be waiting. It sounds more like he is saying we are now cutting it tight and TOL needs to be issued right now (please) or we can't fire in 2 weeks.
Open to other opinions, but that's my take.
Quote:
“We are ready to fire in about a fortnight,” Mashal Ahmad, Lynas Malaysia Sdn.’s managing director, told reporters touring the refinery in Southeast Asian nation’s eastern Pahang state yesterday. “We cannot delay our production because our customers are waiting for our product.”
Bloomberg News
Lynas Counts Costs as World’s Largest Rare-Earths Plant Held Up By Gan Yen Kuan on April 19, 2012
http://www.businessweek.com/news/2012-04-19/lynas-counts-costs-as-world-s-largest-rare-earths-plant-held-up
- Forums
- ASX - By Stock
- ready to fire
OK, so many overnight reports of what the MD said, most reliably...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.80 |
Change
0.000(0.00%) |
Mkt cap ! $6.356B |
Open | High | Low | Value | Volume |
$6.85 | $6.89 | $6.77 | $9.256M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | $6.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 13181 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | 6.790 |
2 | 6000 | 6.780 |
3 | 12113 | 6.770 |
2 | 25312 | 6.760 |
2 | 12498 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 9043 | 4 |
6.820 | 20113 | 5 |
6.830 | 8832 | 1 |
6.840 | 8832 | 1 |
6.850 | 9432 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |