LYC 2.59% $6.39 lynas rare earths limited

if the lenders truly support the business - why don't they...

  1. 3,237 Posts.
    if the lenders truly support the business - why don't they provide a 20 year loan term

    why is it do you think that the lenders restructure the debt for only an extra couple of years, which is never enough for Lynas to avoid a future default or further debt restructure

    June quarter free cash flow (revenue less operating costs and CAPEX) was A$0.9million. That's before interest cost on Lynas massive US$425 million dollar debt.

    the debt is due for repayment around 30 September 2018 and without another restructure it is highly likely Lynas will default

    now what part of that don't you understand
    Last edited by longtermlegs: 31/07/16
 
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