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LYC, LYNAS CORPORATION LIMITED
blacksheep
post Posted: Aug 22 2019, 07:55 PM
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Posts: 6,141
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In Reply To: blacksheep's post @ Aug 16 2019, 11:28 AM


QUOTE
22 August 2019
Proposal to acquire Lynas Corporation – Update
On 26 March 2019, Wesfarmers announced that it had made a conditional, non-binding indicative proposal
(Proposal) to the Board of Lynas Corporation (ASX:LYC) to acquire Lynas for $2.25 a share, payable in
cash, pursuant to a scheme of arrangement. The Proposal was subject to a number of matters including:
 Completion by Wesfarmers of its due diligence investigations;
 Negotiation and execution of an implementation agreement, for approval by both Boards;
 Ensuring that relevant operating licences in Malaysia are in force and will remain in force for a
satisfactory period following completion of the transaction; and
 Securing regulatory and Lynas shareholder approvals, and other customary conditions.
Wesfarmers notes Lynas’ announcement on 16 August confirming the conditions for renewal of the
operating licence for the company’s LAMP facility in Malaysia. Notwithstanding this development,

Wesfarmers has been unable to progress its Proposal and does not intend to pursue it further.

Wesfarmers Managing Director Rob Scott said: “Wesfarmers remains focused on delivering value to its
shareholders through disciplined capital allocation within our divisions and when considering new
investments.”




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2019, 11:28 AM
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In Reply To: blacksheep's post @ Aug 15 2019, 03:04 PM

Confirmed - another 6 months https://www.asx.com.au/asxpdf/20190816/pdf/...jq6hll3j335.pdf

QUOTE
16 August 2019
MALAYSIAN GOVERNMENT ANNOUNCES RENEWAL OF OPERATING LICENCE
• Renewal of Lynas Malaysia’s operating licence confirmed
• Cracking & Leaching to be relocated to Western Australia
• Approval of PDF location for WLP residue required within 6 months
• Long term solution for NUF residue confirmed by regulator

Lynas Corporation Limited (ASX:LYC, OTC:LYSDY) is pleased to confirm that the
Malaysian government has announced that Lynas Malaysia’s operating licence will be
renewed by the due date of 3 September 2019.
Following extensive consultation with the Malaysian government and regulators, we
confirm that:

1. Lynas Malaysia’s operating licence will be renewed
The Malaysian government has announced it will renew the Lynas Malaysia operating
licence for an initial period of 6 months.
Lynas Malaysia is required to fulfil certain conditions during that period, as summarized
below.
2. Cracking & Leaching relocated to Western Australia
As announced on 21 May 2019, Lynas will relocate Cracking & Leaching, the first stage
of its operations currently located in Malaysia, to Western Australia as part of the Lynas
2025 growth plan.

Under the new licence, Lynas is required to complete the relocation within 4 years.
Once the transition to Western Australia is complete, WLP residue will no longer be
produced in Malaysia.

3. Lynas to build Permanent Deposit Facility (PDF) for WLP residue
Lynas Malaysia is required to obtain consent for the location of a Permanent Deposit
Facility (PDF) for WLP residue within 6 months. Lynas Malaysia is confident of satisfying
this condition. Lynas will accelerate planning and construction of the PDF.

This is consistent with the recommendation of the Pakatan Harapan government’s
Executive Review Committee in December 2018.
Alternatively, Lynas can obtain consent from another country to receive the material.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2019, 03:04 PM
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Posts: 6,141
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In Reply To: blacksheep's post @ Aug 6 2019, 09:41 AM

QUOTE
The sources, who declined to be named ahead of a government announcement expected by mid-August, told Reuters that the precise duration of the extension was not yet finalised.


Must be getting close to that announcement??

News article below dated 14 August suggests....

QUOTE
Sahabat Alam Malaysia is extremely concerned by news reports that the government has decided to allow Lynas to continue operating its plant for at least another six months.

This is despite the fact that the company has not safely disposed of its hazardous radioactive wastes, either by exporting them or by already placing them in a suitable permanent disposal facility.

https://aliran.com/civil-society-voices/put...nas-operations/

total short positions @ 9/8/19 = 2.54%
https://www.shortman.com.au/stock?q=lyc
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 9 2019, 03:01 PM
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Posts: 6,141
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In Reply To: blacksheep's post @ Jul 21 2019, 07:38 PM

Updated chart. SP currently $2.93 - up 4.27%

Total short positions as at 15th July, 2019 = 2.22%
Total short positions as at 5th August 2019 = 2.83% - some still betting on NOT so good news out of Malaysia?
https://www.shortman.com.au/stock?q=lyc

QUOTE
The status remains as set out in our Quarterly Report released on 29 July 2019. We
await formal notification from the Malaysian government regarding the conditions for the
renewal of Lynas Malaysia’s operating licence. The Deputy Minister of MESTECC stated
on 9 July 2019 that the decision will be made by Cabinet and announced in mid-August
2019
.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 6 2019, 09:41 AM
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Posts: 6,141
Thanks: 2193


In Reply To: blacksheep's post @ Jul 21 2019, 07:38 PM

According to AFR - Malaysia plans to extend Lynas licence: reports
QUOTE
Kuala Lumpur | Malaysia plans to extend Lynas's licence to operate a rare earths processing plant, though it could be for a shorter duration than the usual three years, two sources with direct knowledge of the matter said

QUOTE
The sources, who declined to be named ahead of a government announcement expected by mid-August, told Reuters that the precise duration of the extension was not yet finalised.


https://www.afr.com/companies/mining/malays...20190805-p52e5t



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Jul 29 2019, 03:37 PM
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QUOTE
Lynas Corp says it is stockpiling two rare earth metals and limiting sales to its strategic partners because of price volatility amid the US-China trade war and a slowing global economy.

Lynas (LYC) says as of June 30 it had 323 tonnes of the rare earth metals neodymium and praseodymium (NdPr), having produced 1,505 tonnes of NdPr in the three months to June 30.

“Following an extended period of softness in the published NdPr price, there was a strong price uplift later in the quarter,” with prices rising about 50 per cent, Lynas said.

“However the market remains volatile with the price settling back to lower levels by mid July. “In these volatile conditions, we remain committed to our strategy of reserving NdPr for our strategic customers. “Demand is growing strongly within this key customer base and Lynas will continue this strategy of reserving production to meet the current and future needs of these strategic customers in the current quarter.”

Even following that strategy, Lynas had $87.5 million in sales revenue on cash receipts of $106m, the company said.

While magnet-buyers are seeking long term security with multiple supply chains, the weak Chinese economy and slow growth of the automotive market means demand is low, Lynas said.

As of June 30, it had a cash balance of $89.7m, up from $67.1m at the start of the quarter.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Jul 21 2019, 07:38 PM
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In Reply To: blacksheep's post @ Jul 13 2019, 12:07 PM

More protests in Malaysia but no clarity as Lynas shutdown approaches
Colin Kruger
By Colin Kruger
July 21, 2019
QUOTE
The Malaysian Energy, Science, Technology, Environment Minister Yeo Bee Yin, is set to make a decision by mid August on the Lynas appeal against the new conditions her ministry imposed in December on the company's processing plant.

These conditions would force Lynas to export its low level radioactive waste from the country or face the non renewal of its license to operate in Malaysia which expires September 2.

QUOTE
Lynas is expected to give the market an update on the regulatory issues in Malaysia at its quarterly results briefing Monday July 29.

read more - https://www.theage.com.au/business/companie...721-p52983.html

Total short positions as at 15th July, 2019 = 2.22%
https://www.shortman.com.au/stock?q=lyc
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 13 2019, 12:07 PM
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Posts: 6,141
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In Reply To: nipper's post @ May 20 2019, 09:03 AM

QUOTE
Lynas Corporation Limited, an Australian Corporation and Blue Line Corporation, a Texas Corporation, are pleased to announce the signing of an MOU for a joint venture to develop Rare Earths separation capacity in the United States.


Marco Rubio Introduces a Bill to Boost the U.S. Rare-Earth Industry
Florida senator says China has subsidized its industry for rare earths

QUOTE
Rare earths are critical to making parts in high-tech applications including military equipment, parts almost exclusively supplied by China. One American mine recently restarted production and Mr. Rubio’s legislation aims to help develop a U.S.-based industry for turning those raw materials into alloys, magnets and other products.

https://www.wsj.com/articles/marco-rubio-in...5ab647a7a747014

Exclusive: Pentagon races to track U.S. rare earths output amid China trade dispute
Ernest Scheyder
6 MIN READ

QUOTE
(Reuters) - The Pentagon is rapidly assessing the United States’ rare earths capability in a race to secure stable supply of the specialized material amid the country’s trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters.

https://www.reuters.com/article/us-usa-rare...e-idUSKCN1U727N



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 5 2019, 06:31 PM
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Posts: 5,876
Thanks: 2127


QUOTE
Malaysia’s Environment Minister Yeo Bee Yin is refusing to give up her fight against Lynas and its $800 million rare earths processing hub in Kuantan despite Prime Minister Mahathir Mohamad endorsing the renewal of the company's operating licence.

Ms Yeo continues to push WA to accept some 450,000 tonnes of low-level radioactive waste stockpiled near the Lynas processing plant on Malaysia's east coast and will meet WA Mines and Petroleum Minister Bill Johnston to discuss the issue on June 20. The waste is generated in the processing of rare earths mined at Mount Weld in WA.

Mr Johnston has already written to the Malaysian government explaining why WA won’t accept the waste and said on Wednesday that the state government would not budge. “They have asked for the meeting, that is up to them,” he said.
now around $2.70. We may well see some of the froth come out of the S/P, as this is likely to be an ongoing discussion



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: May 31 2019, 11:25 AM
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QUOTE
The company notes comments made by the Malaysian Prime Minister about Lynas at a press conference on 30 May 2019.

We welcome the Prime Minister’s comments acknowledging the importance of the continuation of the Lynas operations in Malaysia. We will update the market as we receive further clarification from the Malaysian government.
- and pushing above $3.👍



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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