Lynas Corporation Limited is an Australia-based company. The Company is engaged in planning, design and construction of a concentration plant in Western Australia, and a materials processing plant in Malaysia. The Company is also engaged in the exploration and development of rare earths deposits and exploration for other mineral resources. The Company has a operations in Australia and Asia. The Company’s subsidiaries include Mt Weld Rare Earths Pty Ltd, Mt Weld Holdings Pty Ltd, Mt Weld Mining Pty Ltd, Mt Weld Niobium Pty Ltd, Lynas Chemet Australia Pty Ltd and Lynas Malaysia Sdn Bhd.
These so call anti-Lynas group have no brain, they have broken the Law they should be judged as criminals. Malaysian Govt.should seriously do something about them its damaging their reputation.
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| Price When Posted: $1.290 |
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Congratulations 128 well spotted - thanks for monitoring it for us
taking down a website won't stop the LAMP and the jobs that it creates for Malaysians and it won't stop the money that the Lynas project will pour into the the Malaysian economy
the actions of one computer activist isn't going to convince the Courts or the International Atomic Energy Agency or the Malaysian Government that the waste from the Lynas rare earth plant is going to cause nuclear catastrophe
BUY LYC
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It is not the strongest of the species that survive nor the most intelligent but the one most responsive to change - Charles Darwin
In the short run the market is a voting machine but in the long run it is a weighing machine - Benjamin Graham
The greatest reward for man's toil is not what he gets for it but what he becomes by it - John Rushkin
A great business at a fair price is superior to a fair business at a great price - Charlie Munger
A man should look for what is, and not for what he thinks should be - Albert Einstein
The three most important words in investing ... Margin of Safety - Warren Buffett
Successful investing is anticipating the anticipations of others - J.M.Keynes
Computers are useless. They can only give you answers - Pablo Picasso
When China awakes, the world will shake - Napoleon Bonaparte
Each day provides its own gifts - Marcus Aurelius
DYOR my opinions are not financial advice, I do not endorse or take responsibility for material in any hyper-links - Marcus2000
They are digging their own graves, they broke the rules for the protest, they hacked the website, they make outrages claims of Lynas being "the devil" and "killing all Malaysians", they make outrageous claims of lies to do with radiation etc etc etc and are whipping up mass hysteria.
They have no regard for due process and the law, its time Lynas took overdue legal action IMHO against those concerned.
Seriously, where are these same people when Malaysian logging companies rape and pillage SE Asia and its indigenous populace, just type in "Malaysian logging companies" in google and you'll see what i mean.
Their "environmentalism" cant be taken seriously.
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You have to wonder about people who "hate" on an industry attempting to make environmentally responsible ingredients for a green 21st century yet they promote unsustainable logging and environmental carnage of forests on a scale that's unimaginable.
IMO they are embarresing themselves and their fellow Malaysians. Obviously if the company had its time again it would chose a country with sane politicians who understand the bigger picture of creating jobs and high tech industry
This must be their theme song
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good to hear lynascorp been hack... love the hacker so much..... they should go out of malaysia because malaysia people really do not want this industry. maybe they can go to usa. their country need more job than malaysia.
waiting for the 3.0 rally in malaysia if malaysia government did not shut down the plant.
Welcome to Topstocks jeffreyong ... this is a forum to discuss stocks and shares and I notice that you've been posting about Lynas since you joined a few hours ago
Are Malaysian activists joining websites like this hoping to affect the share price?
2013-06-19 : Open: $0.435 | Close: $0.430
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| Price When Posted: $1.230 |
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It is not the strongest of the species that survive nor the most intelligent but the one most responsive to change - Charles Darwin
In the short run the market is a voting machine but in the long run it is a weighing machine - Benjamin Graham
The greatest reward for man's toil is not what he gets for it but what he becomes by it - John Rushkin
A great business at a fair price is superior to a fair business at a great price - Charlie Munger
A man should look for what is, and not for what he thinks should be - Albert Einstein
The three most important words in investing ... Margin of Safety - Warren Buffett
Successful investing is anticipating the anticipations of others - J.M.Keynes
Computers are useless. They can only give you answers - Pablo Picasso
When China awakes, the world will shake - Napoleon Bonaparte
Each day provides its own gifts - Marcus Aurelius
DYOR my opinions are not financial advice, I do not endorse or take responsibility for material in any hyper-links - Marcus2000
nah.... post here cannot effect the share price.. but well just hope that the general election can come asap. hopefully the existing government will be voted out and new government will kick out lynas.
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More likely the new government will be the same party that you have now and Ibrahim will be kicked out
How can you trust Ibrahim to do what he says when he is always telling lies?
LOL
2013-06-19 : Open: $0.435 | Close: $0.430
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| Price When Posted: $1.230 |
% Change Since Posted: Down 65.04%
It is not the strongest of the species that survive nor the most intelligent but the one most responsive to change - Charles Darwin
In the short run the market is a voting machine but in the long run it is a weighing machine - Benjamin Graham
The greatest reward for man's toil is not what he gets for it but what he becomes by it - John Rushkin
A great business at a fair price is superior to a fair business at a great price - Charlie Munger
A man should look for what is, and not for what he thinks should be - Albert Einstein
The three most important words in investing ... Margin of Safety - Warren Buffett
Successful investing is anticipating the anticipations of others - J.M.Keynes
Computers are useless. They can only give you answers - Pablo Picasso
When China awakes, the world will shake - Napoleon Bonaparte
Each day provides its own gifts - Marcus Aurelius
DYOR my opinions are not financial advice, I do not endorse or take responsibility for material in any hyper-links - Marcus2000
The hacker has been identified as a member of HackXL96
username 4z1
Apparantly an Malaysian citizen, with an US IP address...
His foot note on the his blog reads
(tranlated from Chinese)
25-2-12
I hate the government, but I love my country and I think with the three major ethnic coexistence is not a foreign thing ...
And is not everyone as some people like racial discrimination racism. Race just two words in fact we are all human beings are afraid of radiation!
Malaysia is an immature state, and a technical level not to the international standards in the country!
National Congress roof get it working, sure you can create a rare earth plant???
Japanese radiation leak, Japan has failed ... not to mention Malaysia, you can do!
If you open a rare earth plant for the money! Then you are wrong! Not at a technical level to a certain degree of national construction, then there will always be a release of radioactivity.
Who needs to buy the product in Malaysia? To lose when their own country!
I believe that Malaysia is a democratic and listen to the opinions of the people!
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| Price When Posted: $1.220 |
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if you understand our government few businesses who have flexibility would want anything but an agency in this country as the laws change in an irrational way apart from being a huge gravel pit all sensible ambition has been sucker dry . you mention radiation concerns ,can you explain the elements or processes which raise this concern ,please .the cyanide if used is extremely dangerous in ways most Australians don't understand and should always used only when a better option (not just cheaper) is available .
2013-06-19 : Open: $0.435 | Close: $0.430
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| Price When Posted: $1.220 |
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----------my current holdings --------------in small PF holding AAZPB, APE, BKW, CCP, CSR, HSN, IAW, IMFG, JYC, KCN, KRM, LNC, MML, MQCPA, NST, OZG, QAN, RHL, SCP, SVWPA, SWL, TFC, TIX, TNE, TRY, WAX, WOW . -------------in larger PF holding ; ABC, AEB, AEF, AFT, AGO, ALQ, AMP, APN, APZ, AQNHA, ARI, ATM, AWC, BEN, BFG, BHP, BLD, BLY, BOQ, BSA ,BSL, BTT, CAM, CAMPA, CCV, CDD, DGX ,DMX, DVA, DVAG, ELI, EML, EPX, EQT, FFI, FKP, FWD, GFF, GMY, GNSPA, GPS, GRR, HBSHA ,HHL, HIL, HLNG, IEM, ILU, IMD, IMF, IPL, KCN, KNH, KSC, LEPHC, LRG, MAQ, MBLHB, MCR, MGR, MOY, MQCPA, MQG, MTB, MTS, MYR, MYS, NCM, NHC, NWH. OMH, ORG, OTE, OTH, OZL, PAN, PEA, PME, PRG, PRYHA, PXUPA, QFN, RCO, REF, RHG, RIO, SGM, SGP, SHV, SKI, SLF, SMX, SOL, SYI, TAH, TEG, TMM, TOL, TPAPA, TPM, TRU, TSE, TTN, UGL, UML, VAS, VHY, WBB, WBC, WEC, WHG, WIC, WPL, WSA, WTP, WTR ------and in a separate holding BSL .===================================an optimist proclaims that we live in the best of all possible worlds ,the pessimist fears this is true .======================================= learn from the mistakes of others,you won't live long enough to make them all yourself
PAS warned its own nuclear expert not to comment on the Lynas rare earth processing plant after he tried to reassure the public that the facility in Gebeng Pahang poses no radiation or health risk.
Dr Che Rosli Che Mat, who is the PAS MP for Hulu Langat holds a PhD in nuclear science. He revealed in a recent interview that he was last year gagged by his own party after he spoke out over the plant, which he says is says is being used by opponents in a baseless scare campaign.
"They are frightening the public by saying that Lynas is a nuclear plant when its function is only to process natural materials like rare earths from Mount Weld in Western Australia," he said.
"The issue was brought up by PKR. I've kept quiet and even been given a warning by the PAS information bureau not to comment."
Che Rosli did not reveal who it was that asked him to keep quiet and said, as a PAS MP, he was prepared to toe the party line but as a scientist, he would not be gagged.
"I accepted it and have been silent, but this is unfair," he said.
"So finally, I decided, as a nuclear expert, I should come forward to speak."
Che Rosli said the Lynas operation involves material that is less radioactive than what is produced by traditional iron ore extraction and as such, it is totally safe. The waste material produced is of such low level radiation that it can be legally transported back to Australia without the need for safeguards.
Both the United Nations organ, the International Atomic Energy Agency, and Malaysia's Atomic Energy Licencing Board gave the operation a clean bill of health after lengthy scientific reviews.
The news that Che Rosli was silenced by his own party will embarrass both PAS and Pakatan Rakyat and confirms the Prime Minister's weekend claims that the opposition is playing politics over the Lynas plant.
The Prime Minister said "the opposition parties will look for issues like this as capital to garner the support of the local community."
"We would not have given an operating licence unless we were convinced that the local community can accept that the project is safe," he said.
Che Rosli was publicly rebuked when he last year attacked those making uninformed comments about the Lynas plant but, up until now, he had not spoken about the internal party gag.
He said at the height of the misinformation campaign the plant was being described as a nuclear reactor. It is actually no more than a chemical refining plant extracting rare elements used in television sets, mobile phones and even wind turbines.
Last week a former professional activist from Melbourne brought a legal action in Malaysia aimed at stopping the Lynas plant from opening on schedule in mid-2012.
A delay that would hurt revenues dearly, as the plant has the potential to earn RM5 billion per year.
In the first place, Lynas was invited by Barisan Nasional government to build the plant in Malaysia. Lynas submitted a proposal to BN, and BN liked it. That's how the 12 years tax relief was then given to Lynas.
Please check your facts before you start throwing empty accusation.
Last but not least: on the very 1st day when Lyans proposed to build LAMP in Kuantan, where was Fuziah? Why didn't she say anything then? What's with all the fuss all of a sudden. Sorry, all your crap doesn't make any sense to me.
May be you can suggest everyone in TOPSTOCK to move and stay next door to the LAMP plant? Your excuse is always the same. The second most famous excuse is "How about the waste?".
Not only his mobile and laptops. The TV as well. Speaking of radiation do Malaysians know there is radiation from the Sun as well. I was born in Malaysia and I know how hot it is in Malaysia all year around. Mind you the country sits on the equatorial line. How come the so call Anti-Lynas group never protest at the government to get rid of the Sun too. After all too much Sun is fatal to humans as well. Haven't they heard of skin cancer? Funny huh?
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| Price When Posted: $1.220 |
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Not only has the oppositions nuclear expert come out against the "stop lynas" people, now their court case was postponed due to not following procedure/s.
Bit by bit the truth is being revealed and their credibility is falling apart......hacking the company website!
IMO when they called Lynas the "The Devil" and that the company wants to "kill all Malaysians" it all went downhill fast for them and their BS.
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A country whose people need to vent and a culture that differs from Australia/
Not to long ago, soldiers walk into a church and massacre hundreds of men,women children and moslems living across one side of a river and christians the other, killing eachother and burning houses to the ground, A area where boat refugees may come from.
The majority of nickel mines are illegal, with toxic waste polluting wide spread areas.
It would be beyond any Australian"s comprehension for these types activities happenening here.
Lynas just has to let these demonstrations play out,
my 2 cents worth
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Don't worry about worry until worry worries you . who cares about the weather as long as we are together
It would be nice to know who's pulling the levers on this ship because it is incredible the lengths that some people are going to.
If its some grubby politician in Malaysia then I am concerned about the Malaysians being anything more than a second world country.
IMO I smell a much deeper and stronger force being applied. It seems to be stalling tactics to me, Chinese, Molycorp, who knows. The facts are this, who ever gets into production first wins. I am not totally sold on this altruistic fight for environmental protection, as the propaganda being applied would not sway the opinion of the average half educated person.
Some of the comments i have read on FMT and Star etc scare me to think that some of these can't be that stupid and breath unaided at the same time.
I think there is a few RM getting thrown around in town from few guys in suits driving a Cadillac. The old trick of rent o crowd.
Having said that, if I am wrong then I feel sorry for the Malaysians as they are being duped and manipulated by unscrupulous people who are not interested their well being and only the money.
Yes I hold LYNAS stock and proud of it as I have invested in GREEN future.
As for the return of waste argument. If malaysians buy Australian food (like beef) then I guess we should be taking their s*&t back???
I thought not. Think about what you say before you think up brain dead arguments
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The Malaysian government is not going to put a stop to a perfectly safe plant that houses jobs and prosperity for the people. Hence the 10year tax break and overwhelming support to build and operate the plant there.
#1 Today:
KUALA LUMPUR: The government today raised objection to the leave application for a judicial review filed by local residents to challenge the Atomic Energy Licensing Board's decision to issue Lynas Malaysia Sdn Bhd a temporary licence for the Lynas Advanced Material Plant in Gebeng, Pahang.
The hearing of the government's preliminary objection was heard in chambers before High Court Judge Datuk Rohana Yusuf.
On Feb 17, the group of 10 residents filed the application naming the board, which oversees the production, application and use of atomic energy and radioactive material, the director-general (DG) of Environment Quality and Lynas Malaysia Sdn Bhd as respondents.
They sought a certiorari order to quash the board's Jan 30 decision to issue the temporary licence to Lynas Malaysia.
Senior federal counsel Suzana Atan, representing the board and the DG, told reporters the government had raised the objection on the grounds that the residents should have appealed against the board's decision to the relevant minister.
"If they (residents) are not happy with the board's decision, they should have appealed to the minister as provided under Section 32 of the Atomic Energy Licensing Act 1984," said Suzana who was assisted by senior federal counsel Noor Hisham Ismail.
She said the court fixed March 20 to hear the residents' reply on the objection. Counsel K. Shanmuga represented the residents.
The residents had applied for an order to prohibit the board from issuing any temporary or permanent licence to Lynas except or until the company presented a detailed Evaluation Report on the plant's effects on the environment to the DG of Environment Quality and until the said report was approved.
They claimed that the decision contravened Article 5(1) of the Federal Constitution and that the board had failed to allow the appellants a chance to make a representation on the safety of the plant.
The applicants further sought for an order to stay the temporary licence, and for Lynas Malaysia and its agents or workers to be prohibited from operating the plant until a decision is reached on the judicial review application.
#2 Yesterday
The decision was made by the four affected ministries – Industrial and Trade Industry; Health; Science, Technology and Innovation, and Natural Resources and Environment. The meeting between them recently was a follow-up from a directive from the prime minister himself to make efforts to achieve a win-win situation.
"This matter has been discussed by the relevant bodies with care, in detail and responsibly," Koh told reporters after launching a job fair for the disabled in Petaling Jaya yesterday.
In a joint statement by the ministries on Feb 22, it was also mentioned that all residue and waste water would be fully treated, meeting stipulated standards, prior to discharge.
There will also be zero discharge of untreated industrial waste water.
Additionally, an independen monitoring unit would be formed to undertake a construction audit at the Lynas plant to ensure compliance to all standard imposed.
On Saturday, Prime Minister Datuk Seri Najib Razak had said the Lynas project, which has been approved to be located in Gebeng, Pahang, is harmless and will not be detrimental to the local community.
C U ALL @ $2 people or jump out and the rest of us can buy up your shares
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"Senior federal counsel Suzana Atan, representing the board and the DG, told reporters the government had raised the objection on the grounds that the residents should have appealed against the board's decision to the relevant minister."
"The residents had applied for an order to prohibit the board from issuing any temporary or permanent licence to Lynas except or until the company presented a detailed Evaluation Report on the plant's effects on the environment to the DG of Environment Quality and until the said report was approved."
Hello???? Counsel representing DG objects to residents wanting a report to be submitted to the DG for approval? Assuming the residents got their way... what do you think would happen with said report? Approved!
But what would I know, maybe I'm missing something about how things work over there...
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i'll agree with the mobile phone the communications to my ISP alone must endanger 3 nations and at least one satellite ,and then there is the other stuff that rings when..... (can't believe i have resisted the urge turn it into s speed-bump on a major highway). you may joke but does anybody know the number of dental X-rays that is a "safe " level?? have worked in some EXTREMELY dangerous situations you would be amazed at what is considered as acceptable if enough money is thrown around (in AUSTRALIA). anybody remember how James Hardie (JHX) as an Australian corporate citizen ?? now compare the to another player in the asbestos saga CSR who still accepts responsibility and continues support the victims . my questions here are to understand the hazards of this industry as not only is it possible the i may invest ,but use the products as a customer .
2013-06-19 : Open: $0.435 | Close: $0.430
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| Price When Posted: $1.220 |
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----------my current holdings --------------in small PF holding AAZPB, APE, BKW, CCP, CSR, HSN, IAW, IMFG, JYC, KCN, KRM, LNC, MML, MQCPA, NST, OZG, QAN, RHL, SCP, SVWPA, SWL, TFC, TIX, TNE, TRY, WAX, WOW . -------------in larger PF holding ; ABC, AEB, AEF, AFT, AGO, ALQ, AMP, APN, APZ, AQNHA, ARI, ATM, AWC, BEN, BFG, BHP, BLD, BLY, BOQ, BSA ,BSL, BTT, CAM, CAMPA, CCV, CDD, DGX ,DMX, DVA, DVAG, ELI, EML, EPX, EQT, FFI, FKP, FWD, GFF, GMY, GNSPA, GPS, GRR, HBSHA ,HHL, HIL, HLNG, IEM, ILU, IMD, IMF, IPL, KCN, KNH, KSC, LEPHC, LRG, MAQ, MBLHB, MCR, MGR, MOY, MQCPA, MQG, MTB, MTS, MYR, MYS, NCM, NHC, NWH. OMH, ORG, OTE, OTH, OZL, PAN, PEA, PME, PRG, PRYHA, PXUPA, QFN, RCO, REF, RHG, RIO, SGM, SGP, SHV, SKI, SLF, SMX, SOL, SYI, TAH, TEG, TMM, TOL, TPAPA, TPM, TRU, TSE, TTN, UGL, UML, VAS, VHY, WBB, WBC, WEC, WHG, WIC, WPL, WSA, WTP, WTR ------and in a separate holding BSL .===================================an optimist proclaims that we live in the best of all possible worlds ,the pessimist fears this is true .======================================= learn from the mistakes of others,you won't live long enough to make them all yourself
there are still many good choices look at the XJO and see which are missing from my PF (some like DJS i WILL not buy for personal reasons,NWS ,i worked for them and would only accept them for free or buy into AFTER daughter Elizabeth is elected CEO) ,LYC isn't the only player in this end of town,more advanced ,yes but not alone . also i mainly hold and review around 5 years so the $1 to $2 jumps are less tempting than a nice steady dividend stream. for example WPL has been quite disappointing missed targets poor yield and possibly soon ravaged by tougher financial conditions ,this i will reduce at the right price !! in hindsight would you be comfortable with big investments (for you) in ORI ,or DLX or NUF yes they may be great again but .... the potential here is if the the air isn't cleared in Malayasia ,actual sabotage,may also cause delays
2013-06-19 : Open: $0.435 | Close: $0.430
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| Price When Posted: $1.220 |
% Change Since Posted: Down 64.75%
----------my current holdings --------------in small PF holding AAZPB, APE, BKW, CCP, CSR, HSN, IAW, IMFG, JYC, KCN, KRM, LNC, MML, MQCPA, NST, OZG, QAN, RHL, SCP, SVWPA, SWL, TFC, TIX, TNE, TRY, WAX, WOW . -------------in larger PF holding ; ABC, AEB, AEF, AFT, AGO, ALQ, AMP, APN, APZ, AQNHA, ARI, ATM, AWC, BEN, BFG, BHP, BLD, BLY, BOQ, BSA ,BSL, BTT, CAM, CAMPA, CCV, CDD, DGX ,DMX, DVA, DVAG, ELI, EML, EPX, EQT, FFI, FKP, FWD, GFF, GMY, GNSPA, GPS, GRR, HBSHA ,HHL, HIL, HLNG, IEM, ILU, IMD, IMF, IPL, KCN, KNH, KSC, LEPHC, LRG, MAQ, MBLHB, MCR, MGR, MOY, MQCPA, MQG, MTB, MTS, MYR, MYS, NCM, NHC, NWH. OMH, ORG, OTE, OTH, OZL, PAN, PEA, PME, PRG, PRYHA, PXUPA, QFN, RCO, REF, RHG, RIO, SGM, SGP, SHV, SKI, SLF, SMX, SOL, SYI, TAH, TEG, TMM, TOL, TPAPA, TPM, TRU, TSE, TTN, UGL, UML, VAS, VHY, WBB, WBC, WEC, WHG, WIC, WPL, WSA, WTP, WTR ------and in a separate holding BSL .===================================an optimist proclaims that we live in the best of all possible worlds ,the pessimist fears this is true .======================================= learn from the mistakes of others,you won't live long enough to make them all yourself