I try to keep abreast of the competition.
Looks like NTU are running out of money pretty fast. Not sure if they will make it. Do feel sorry for them though. Tried hard.
Poor PEK arent looking too good either really. They have been held up in red tape and may not even get approved.
This would restrict future supply somewhat.
LYC got a big shake up too. Seems today it was announced the Malaysian government want their radioactive waste stores out of the country by September before itslicence renewal. LYC says they just cant do it in time,. LYC are really getting a beating.https://www.ft.com/content/44ff0cd8-3b29-11e9-b72b-2c7f526ca5d0
LYC even cautioned shareholders about the end of the LAMP from this...
"These conditions indicate the existence of a material uncertainty that may cast significant doubt about the consolidated entity’s ability to continueas a going concern"
Lots of talk on their boards about how the Chinese are behind this and are bribing the Malaysian politicians so to shut the LAMP down.
Shrewd move if so. But logical.
It also brings the Chinese more business, more control over the industry and world markets. Even world political power ( over Japan and US).
Given the increasing environmental restraints in China on REE processing.China would need even greater offshore sources of REE, and processing to compensate. With Lynas LAMP down the demand becomes even greater still.
Shenghe, with one foot in the door in GGG and the other in China. Really has the road to glory opening up for them. If everything continued to fall into place like this. GGG would be perfectly placed to step into the role of the new offshore Chinese version of LYC.
Who knows what could happen from here....but its kind of logical if you join the dots.
Imagine buying GGG shares now for 6 cent to in a few years be holding them, at God knows what price, in the new world order version of LYC
Wouldnt that be wonderful (wink wink)
