"Why would MtK convert at 5 times the current SP? What's in it for them? They could build a 50% stake by buying on market for less than $200m."
unless there is further dilution by way of a CR, do Mount Kellet have a choice? Lynas have the cash and the deal was a conversion at the set rate. Do Mount Kellet have the right to ask for the money back at the expiration of the term?
afr: mt kellett may convert debt into equity, page-23
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$6.40 |
Change
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Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| LYC (ASX) Chart |