who is fooling who ?, page-44

that;s because
"Deutsche Bank warned clients that legal proceedings against the Malaysian Atomic Energy Licensing Board's decision were continuing.

Further delays brought downside risks to first cash flow, still an estimated five months away, it said.

Lynas can access only another $80 million in debt, with Deutsche Bank estimating that it requires $120 million to fund the plant.

"Any other funding will need to come from forward sales or equity in our view," it said.

It has a sell recommendation on the stock, while JP Morgan warns Lynas needs to finalise new working capital imminently.

Lynas said in a statement on Friday that the capital raising would give it positive cash flows to meet capital expenditure requirements and provided a significant cash buffer to allow for unforeseen events.

http://www.theaustralian.com.au/business/breaking-news/lynas-to-raise-funds/story-e6frg90f-1226513560585