LYC 0.34% $5.93 lynas rare earths limited

same argument same result case dismissed

  1. 128 Posts.
    Well I expected less than 100 it is more like 50, lynas employees did not bother to turn . Smsl tendered 3 new reports to the court. The judge's ruling is similar, have not proven irreversible loss where as the losses of the 2nd (govt) and 3rd (lynas) are substantial. The challenge to the validity to tol and the decision of the minister is not for today but at the judicial review. Smsl have not taken any undertakings to underwrite any loss to lynas should they fail in the injunction, the risk of accepting an interim is therefore too high. Case dismissed. In an interview later, wong teck promised further appeal. Strategy continue to drag on and on however without an interim they can piss in the dark.
 
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