If this information is correct, then it looks like the reuse of residues has been rejected by the Committee.
This would seem at odds with the statements from government officials at the recent public meeting, so I’m not discounting that this is fake news designed to drive down the share price.
If it is correct, it should be noted that Lynas have already provisioned for a PDF:
We have deposited over US$30m with the AELB and will deposit up to US$50m by December 2019, an amount sufficient for a PDF and site remediation, if the need arises.
(Source: https://www.lynascorp.com/Pages/Residue-Tailings-Management.aspx)
So I can’t see this matter significantly impacting on Lynas in the short term, particularly if the PDF is to be located on site at the LAMP.
The question is: How long will it take until the PDF reaches capacity and what is the solution beyond that?
Today's chart & trading, page-1560
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Last
$7.91 |
Change
-0.180(2.22%) |
Mkt cap ! $7.477B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $6.564M | 829.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 4923 | $7.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.91 | 6554 | 12 |
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| Last trade - 13.03pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |