Seeking Alpha

DM Lanthier

DM Lanthier
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • REE/Strategic Minerals Concentrator, June 17, 2012 [View instapost]
    PSC gives Lynas the green light

    http://bit.ly/MCl1tV

    Another roadblock removed. Now here is another chance for Minister Ongkili and the ruling party to show a little spine and issue the TOL.

    However, with all of these conditions tied to the temporary license, I'm worried that one mistake will cause the license to be revoked. There are certain to be a lot of eyes watching every move Lynas makes, every puff of dust will be assumed to be a toxic cloud, and every toilet flush will be sampled for radioactivity. Lynas and the LAMP employees better bring their "A" game when the license is finally issued.
    Jun 19 12:44 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    Frontier Rare Earths had a nice move on Friday ( up 16%) after announcing their plan to buy back up to 5% of their public float.

    http://bit.ly/LIOgea

    The company is still too far away and just represents speculation at this point, but Frontier seems to be Korea Inc.'s primary involvement in RE. I don't imagine that Samsung, LG, Hyundai and others will want to source RE or RE products from Japan, and they need an alternative to China supply if they want to control their future IP.
    May 27 02:59 PM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    http://bit.ly/LcGYMD

    Decision on Appeal Against Temporary License For Lynas In Two Weeks - Ongkili

    KUALA LUMPUR, May 22 (Bernama) - Science, Technology and Innovation Minister Datuk Seri Dr. Maximus Ongkili said a decision on the appeal by three individuals against Lynas Advanced Materials Plant's temporary operating license (TOL) would be made in two weeks time.

    Ongkili said he went through the 14 submissions raised as the basis of their appeal, but needed more time to consult related experts and authorities, before making a decision.

    "There are still some issues that I have to look into and I expect to settle everything in two weeks time," he told reporters after launching the National Bioethics Council, here Tuesday.

    Still some issues ? I'd guess he's already made a decision, but he's trying to gauge if more jungle rats will come running out of the palm trees knowing that a deadline is near. If nothing appears, then he'll hold up a wetted finger to see which way the wind is blowing and make a decision.
    May 22 10:44 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    In fairness to the Hot Copper guy, he was "quoting" Alistair Reid of Lynas, which I guess is even more disturbing since Lynas execs are grasping at straws too.

    Too bad we can't monitor Ongkili's trade account. He's probably making money off shorting the stock and then he'll switch positions right before he dismisses the final claims against issuing the TOL /grrr
    May 19 01:52 AM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    I read this posting over at Hot Copper regarding Lynas and the TOL. May still be heresay from a follower but the conclusion is interesting.

    **********************...
    http://bit.ly/J4dXTS
    All,

    I had a detailed conversation with Alistair Reid from Lynas yesterday.

    Some important points as noted during the discussion -

    1 - The PSC is due to meet with the minister on Monday 21st May. The final review report will be forwarded by the PSC to the minister for consideration and decision.

    2 - This is a critical step closer to the approval process and is in fact the last major hurdle before an announcement is made regarding the Tol.

    3 - I'm confident that a decision regarding the approval of the Tol may be made on Monday 21st or thereby soon after.

    Have faith :) The answer has always remained in the background, if one knows politics one would know that the Malaysian government has to come across as if a detailed engagement process has taken place and that all angles have been covered for any possible future objections.

    Must I remind you that Lynas was in fact "invited" by the Malaysian Government to do business, this alone should reassure you.

    Lastly, I reiterate that the minister’s decision is "final"
    **********************...

    I hope the poster is right, though it would seem too logical for finally resolving the TOL issue. One can always hope that the end is here. Today looks like Lynas is off to a brutal start on ASX. I would hope that it is some capitulation before the weekend, but we've had multiple days lately with Lynas that seem to explain the trading activity with the same hope that tomorrow is the start of "The Rally.".
    May 17 08:36 PM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    TB, what is your current feeling about UAMY after their Q1 earnings announcement ? You previously had a buy target below $3.13 if I recall.
    May 15 03:45 PM | 2 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, May 10, 2012 [View instapost]
    So much for my hope that the TOL would be issued at the end of the day Friday when the press and newspapers would be heading out of KL for the weekend ...

    What upcoming courtroom date was Tan referring to when he was going to release his bombshell news ? I love how this moron wants to announce some fictitious story about LAMP being unsafe but wants libel protection because he knows the story is false and defaming. If the story is correct and factual, then no libel immunity is required.

    Has anyone been able to determine the funding source for SMSL from public disclosure documents yet ?

    I just wish the TOL would finally be issued and let SMSL fight the plant operation with all of their factual data and resources. They've been given their 15 mins of fame (more like 30 mins at this point), so it's time for them to climb back into their hole !
    May 10 04:54 PM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, April 16, 2012 [View instapost]
    As suggested on another message board, the upcoming Rare Earth Symposium in Malaysia on May 7 would provide the political opportunity to issue the TOL to Lynas.

    http://bit.ly/Jdg2wB

    If having a symposium in your own backyard doesn't motivate the politicians to move forward, then I don't know what will.

    The only other option I can think of is for Lynas to accept to renegotiate the 12-year tax holiday provisions in their original agreement. The Malaysian gov't will be able to appease some people by saying they strong-armed Lynas into more favorable terms. It may not help the country's reputation for attracting new business with this precedent and it won't appease the Luddites, but it might help Sisyphus finally push the rock to the top of the hill.
    May 1 06:26 PM | 6 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, April 16, 2012 [View instapost]
    Siesta ? Heck, his ass is probably cold (even in Malaysia) from sitting on his roof impersonating a weather vane.
    Apr 25 01:06 PM | 2 Likes Like |Link to Comment
  • REE/Strategic Mineals Concentrator - March 28, 2012 [View instapost]
    Any upcoming new events on the calendar for Lynas or Malaysia ? I'm not sure if no news equals good news in this environment.
    Apr 2 01:12 PM | 4 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, Feb. 7, 2012 [View instapost]
    I think that Lynas will definitely build another facility for Duncan if LAMP phase II's capacity of 22,000 tons is realized from Mt Weld alone. Unfortunately Lynas learned a painful lesson putting all their eggs into one Malaysian basket.
    Feb 21 08:33 PM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, Feb. 7, 2012 [View instapost]
    I haven't heard about this condition regarding Lynas' POL before:

    http://bloom.bg/zCvTPE

    Why bother to issue a POL if there are supposedly five strings attached ? Seems like the article is dealing with a current comment from Malaysia's AELB. What are these five conditions - I've only heard about the 10-month window for providing the long term waste disposal plan.
    Feb 16 11:27 PM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, Feb. 7, 2012 [View instapost]
    I don't know - I can see Lynas trying to get material into LAMP to stockpile before issuing an announcement that says the plant is finished and ready to operate.

    The Lynas protest groups are following a checklist of things to protest and target: plant completion, material import, plant operation, etc. Every time Lynas makes an announcement to its investors, they are also announcing to the opposition to file more grievances, threaten nuisance lawsuits, and stage protests. I can imagine the initial import of material could get ugly at the Gebang port if the opposition can plan on when it will arrive.

    I don't know if this is part of Lynas' thinking, but I'd rather they keep their eye on the really important events (i.e., output of finished product ready for sale) then worry about short term price movements that have a big impact on traders but minimal impact on investors IMO. They got their POL, which allows them to move on their internal schedule without announcing every step to the outside world, both friend and foe.
    Feb 14 06:25 PM | 5 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, January 31, 2012 [View instapost]
    Hopefully the list will also include a confirmation that the radiation levels measured during process flow are lower than the required guidelines (sort of a similar announcement of the upside yield for the Mt Weld concentration process). Something positive to announce to further deflate the sails of any local opposition.
    Feb 4 01:24 AM | 3 Likes Like |Link to Comment
  • REE/Strategic Minerals Concentrator, January 31, 2012 [View instapost]
    "The licence is valid for two years, and if Lynas complies with regulatory requirements a permanent licence may be issued."

    Is a temporary operating license holder required to meet a higher operating standard than a so-called permanent license ? What are the practical differences between the two licenses? Are the licenses titled differently as a political CYA in case something doesn't work as planned ?

    I would think that any future mishap would bring the regulators back in to investigate and take action if warranted. LAMP is a complex operation with miles of pipes, chemicals, gases and very mild radioactive waste, and as we have seen around the world, industrial accidents happens. I'm just not sure if there is any substantive difference between the two licenses.
    Feb 2 12:48 PM | 5 Likes Like |Link to Comment
COMMENTS STATS
47 Comments
108 Likes