From the announcement on 23-05-12:"Lynas notes that there have...

From the announcement on 23-05-12:

"Lynas notes that there have been recent media reports in Malaysia to the effect that the Minister intends to make a decision on the appeal in approximately two weeks time."

Isn't it minimum responsibility of the company to inform shareholders on the two weeks period expiry?

Also. If the TOL is issued it is the greatness of our board and our chairman gets zillions of free lunches (shares). If TOL is not issued it is the fault of Malaysia?

Isn't the board expected to assess this kind of sovereign risk while taking the decision to invest in Malaysia?

Is this sovereign risk (of plant not operating at all based on whims and fancies of politicians without any safety breaches by the company) worth the worthless 12 years tax holiday?

My opinion is that this board had failed and failed miserably. Please remember this when you vote in November this year on the issue of free lunches for a great (non) performance.