Lynas has two competitors for near term production.
Molymess reports next Friday and it's certainly not going to be pleasant.
GW, not really a volume competitor, had an unexpected mass resignation of LT execs last Nov with little explanation. Now we know:
Great Western Minerals Group Investigates Former Project Director and Contractor
http://finance.yahoo.com/news/great-western-minerals-group-investigates-050100443.html
Many other RE wannabes are also getting very low on cash at a terrible time to attempt a CR, hard to see many retaining the current equity. RE "investment" is approaching it's nadir, bigtime.
Lynas needs to negotiate a firestorm over the next 6/12 months before we'll see any significant SP appreciation. Far more likely to see further shakeouts, and maybe a mother of one shortly.
Time for punters to stop whinging and take a quick peek to see if they've got the gonads, or enough baked beans, to ride this one.
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