LYC 2.03% $6.28 lynas rare earths limited

sales contract before ge13, page-5

  1. 21 Posts.
    Based on news, there could be a halt if he wins. Hence I'm not expecting cash flow before GE13 which would be around June 2013. Hope I'm wrong and Eric brings some good news though.

    "Anwar Ibrahim pledges review of Lynas plant
    Malaysia's opposition leader promises that if he wins power he'll put the the controversial Australian-owned Lynas plant in Kuantan on hold but allow it to reopen after a favourable review."

    "Dr Anwar confirmed that if he won power, he would fast-track the inquiry but until then he would move quickly to shut the plant near the coastal town of Kuantan, 194 kilometres north-east of Kuala Lumpur.

    "I am not prepared to risk the safety of people in and around Kuantan,"
 
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