Lynas are in debt to the Japanese for tens of millions of dollars which were a secure loan to get the very expensive plant in Malasia completed. I believe that Lacaze stated some time ago when the plant was comisioned that she
would concentrate on paying back these loans before considering any dividend payments.
This situation magnifies the problems they face.
The decision to construct a plant of this type in a muslim islamic country where there are calls for sharia law, was kind of stupid IMO. Does anyone really imagine that if they revert to legal procedures, that Westminster law will apply!!!!!!
I believe that there are openings for Lynas to look at a JV with both ARU and NTU
This would facilitate the processing of both the HREs that NTU have and the REs that ARU and LYC have. All done in Australia.
NTU already have their plant operating
Ann: Trading Halt, page-7
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Last
12.5¢ |
Change
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Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $422.7K | 3.310M |
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| No. | Vol. | Price($) |
|---|---|---|
| 103 | 4486645 | 12.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1453366 | 10 |
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| ARU (ASX) Chart |
