Ann: Browns Range Project & Financing Update, page-14

Yeah sure, like they have been doing it for the past few years?
They bit more then they could chew and have been paying for it through the nose unlike NTU who is starting with a pilot plant and expand as the money roll in. The main problem with Lynas is the overpriced white elephant they have to pay for in Malaysia so they can only turn a profit at the current prices. Once a number of other LRE producers come online and the margins shrink again they go back in red.
Anyway I sold the remaining LYC today and moved in ARU because as with most consolidations I can see Lynas likely to drop to around 1.60 , even less if they also call in a CR soon afterwards. All the best with your LYC investments and DYOR because is not to late to move into NTU.