LYC 1.15% $7.71 lynas rare earths limited

why would anyone sell ?, page-31

  1. 216 Posts.
    http://www.freemalaysiatoday.com/2012/01/30/lynas-refuses-to-speculate-on-granting-licence/

    The Malaysian Atomic Energy Licencing Board (AELB) is holding its much awaited board meeting this afternoon during which it is expected to make a decision on the issuance of a temporary operating licence for Lynas Corp.
    AELB director-general, Raja Abdul Aziz Raja Adnan, last week said that while Lynas is on the agenda, there is a possibility that no announcement on the decision will be made today.
    But neither Lynas nor its detractors were willing to be drawn into speculation over the impending outcome.
    In a brief statement to FMT, Lynas said that it would refrain from commenting on the matter out of respect for the regulatory review of the Lynas Advanced Materials Plant (LAMP).
    “To pre-empt or pre-suppose any outcomes of this review would be inappropriate and we will not be drawn on third part speculation,” said Liz Whitway, Lynas’ General Manager for Brand, Communication and Community Value.
    “The Malaysian regulatory authorities have put in place a comprehensive process to monitor and evaluate Lynas’ compliance with the highest international standards and it is our responsibility to operate the plant in a safe and sustainable manner.”
    Whiteway further reiterated Lynas’ deep commitment to the local communities and its ongoing communication to highlight the facts on the safety of the LAMP.
 
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