I do agree with your reply and not so long ago I was a staunch believer in Lynas management, The trouble is he is the one in charge and I think he left uncovered the political area which is troubling us now. I would have thought he would have been assured by the Malay gov. the project will definately go ahead at the very least.
We have a situation here that the promised venture is in the hands of the protestors not the Malay gov or Lynas. Don't forget we have been lured in with the tax advantage, the fact that it goes for 12 years certainly seems like bait.
If I was running Lynas management I would certainly have given away the tax incentive and made Malaysia gain by running production in their country. This would have a chance of strengthening our present position publicly. cheers.
LYC Price at posting:
69.7¢ Sentiment: Hold Disclosure: Held
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