1. The Lynas Advanced Material Plant (LAMP) in Kuantan, Malaysia, is on the verge of being completed and will be ready to receive the first feed of concentrate from Mt Weld in the first quarter of 2012.
The plant was not even complete. Also look how our beloved executive chairman changes the goal posts and states on track for first feed to kiln in Q@ subject to the issuance of TOL.
This is from the Quarterly report on 2012-04-30.
"As at the end of the period, construction of Phase 1 of the LAMP was 98% complete and pre-commissioning test-packs were more than 85% complete. Lynas is on track for first feed to kiln in Q2, subject to the issuance of the TOL."
2. This time next year I will not be reporting to you the sales we are about to achieve, but rather celebrating with you the reality of our production and sales, and speaking again of the huge potential of our business.
At the way the TOL issue is dragging out, it is quite clear that the company will not have any revenue in the coffers before January 2013.
I wonder what spin our beloved executive chairman will provide to claim his performance bonus to incentivise him further.
some gems from the agm in november 2011
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