Nick Curtis ruined Lynas in my opinion. Lynas had all of the environmental contracts and approvals in place in Australia to mine and process REE and would have been in operation during the most important time Rare Earths were needed and most expensive, yet Curtis moved the processing plant over 5,000 miles away by ship to Malaysia. A processing plant that had no, zero, nada, nothing of any post construction contracts, and even now, the company is working with a temporary license that could be pulled at the change of government. How any bank would lend this man the money to start this company with a fine arts degree and no mining experience is mind boggling. If I had known when I started this investment what the leadership was like I would have run as fast as I could away.
Poor Sandy, still in denial, this is the last stage of addiction, you may not make it back, you may have to have a direct intervention into Losers Anonymous to get free from investing in losing stocks.
More accurately - But the Hawk Springs FLUFF-FED (there ain't no oil Sandy but we sure do enjoy your dough) got them ENERGIZED as this is TB's wild card....Poor Sandy and Jiimy lost all their money and are known as TB's Wild Card !
Is it time to buy Lynas?
By Andrew Mudie - November 5, 2013
I don't see this in the news stories. Where is it? It is available at Google News, Motley Fool is a rather big presenter here at Yahoo, one might even wonder if they are paid for their writing, so why is this article missing? For investors and potential investors, this is a good read. Here are the last statements of the article, if one wants to read the complete article, Google the above title at news Google.
With production on the way after the two-year delay between construction and first production, the company appears to be slowly turning it around. After losing more than $107 million last financial year, the plant is hitting its straps, increasing production by 76% in the three months to September 30, to 253 tonnes.
As an aside to the operational problems, Lynas’ relatively new chief executive of seven months, Eric Noyrez, has been attempting to change the local population’s perceptions of the plant. In the 11 months since it started operating, six international bodies for radiation and pollution levels have audited the plant. All six have come back clear, with the plant operating within local and international standards. Additionally, Lynas recently ran a tour for 80 health officials aimed at improving the public perception of the plant. It seems to have worked, with numerous local officials making public statements proclaiming its safety.
Lynas shares are currently trading at near 24-month lows, at 34 cents. The share price reached an all time high of $2.70 in early 2011 as optimism about the Malaysian facility pushed the price up rapidly from 50 cents. It has steadily declined in recent years as delay after delay to the plant pushed the company to consecutive losses. With the plant finally operational and many of the local health officials now on its side, it appears that the worst may be over. Investors willing to accept greater risk might consider Lynas and a medium to long-term investment.
What a waste of time...During the last few days I solved the all the mysteries of life, created a new algorithm which solves anti-gravity propulsion, and I created a machine that stabilizes nuclear waste into a substance that can be consumed by animals and human alike without harm.
not since the democrats changed the laws. I will never set foot on Wolf Creek again. Goodbye Pagosa, Goodbye forever, or until you boot those democrat anti-constitutional dirt bags out of the state.
Oliver Curtis ordered to stand trial for insider trading
November 19, 2013
Investment banker Oliver Peter Curtis has been committed to stand trial in the NSW Supreme Court for insider trading, despite his legal team arguing his former best friend John Joseph Hartman could not be believed as a witness.
In the Downing Centre Local Court, Magistrate Greg Grogin said despite some issues with Mr Hartman's evidence, a reasonable jury properly instructed had a reasonable prospect of convicting Mr Curtis of an indictable offence.
Minutes earlier, Murugan Thangaraj, SC, for Mr Curtis had said Mr Hartman's evidence was "evasive, untruthful, unreliable and manipulative".
In closing submissions, the prosecution had argued it was not only Mr Hartman's evidence but also documents, and trading data which could not be explained, which formed the Crown case.
Mr Curtis allegedly traded using confidential information that Mr Hartman gave to him in 2007 and 2008, which he obtained as part of his role at Orion Asset Management.
Mr Hartman confessed to 25 counts of insider trading in 2009 and was sentenced to more than a year behind bars.
Hopefully the banker with the fine arts degree will get implicated during testimony too. Oh, this is going to be fun to read about.
Probably another advisory coming, possibly another drilling mistake, or worse, a gusher of water so large Noah had to be called.
Poor Sandy - in @ $4, $3, $2, $1 trying hard to cost average the losses, and Jiimy, trying to get others to buy in, while eating carp stew with Sandy down by the river in their new 1978 Good Time van with red shag carpet, the disco ball, and 12v fridge.