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REE/Strategic Minerals Concentrator, April 16, 2012

Today is the day before the appeal hearing in Malaysia seeking to overturn the recent AELB TOL award to Lynas. As of this morning half the participants filing the appeal (3 out of 6) have withdrawn from the appeal. The Minister of Science came out with a response to many questions to the effect that the onus to present new facts was upon those launching the appeal...

This looks very much like another defeat for the Save Malaysia luddites, imo.

Tomorrow could be quite interesting, given that one of the SM leaders had earlier indicated that they would NOT seek any further steps in the courts should they lose this appeal.

Disclosure: I am long OTCPK:LYSCF, OTCPK:LYSDY.