LYC

2.37%

$7.78 lynas rare earths limited

Ann: Trading Halt, page-82

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sparkie1

1,278 Posts.

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24/09/14

13:56

Post #: 14021151
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Originally posted by .y. ↑

Yeah i left over three hours ago, seems you miss me or have nothing better to do than stir the pot, but anyway, I'd left you and JFI to debate your endless mindless drivel about white horse company saviors willing to flush their money down the toilet in order to save Lynas.....
There is only speculation till the announcement even though you seem to think talking up this stock will make the SP rise....
In a Trading Halt by the way so all I have seen today on my platform is orders being removed from the buy side.......

I am more inclined to agree with Jantimot and Barrons.

They know what sort of deal will be struck.

Last minute agreements with take it or leave it options does not give the company any flexibility to negotiate.

Nomura must have really had them over a barrel or it was Nomura who walked away.

The future usually isn't written but I'm afraid this time it is in giant capital letters.

Which company in their right mind would want to front Lynas any more money when it already cannot cover the cost of its own operations to produce any saleable product with which to pay down the ever growing debt. The only companies I can think of are those who are already involved... Mt.K or Sojitz /JOGMEC

Sojitz/JOGMEC want product + their money back.

Mt.K couldn't care less for product all they want is their 225 million + interest back through whichever means possible. They were counting on being paid in full by mid 2016.

Blind Freddy can see that is not going to happen nor will they get a very good return if and when they convert their bonds.

You guys seem to think a company can get by just paying the interest on a loan.

I'd hate to see the state of your mortgages if you exist like Lynas does.

Remember 35 million is due on 1st October

At least 50 million is required to run the company for one quarter, best record performance to date

Cash receipts from sales have not ever been greater than 26 million for any quarter since the beginning, 26 million best record performance to date

85-26 mill leaves 59 mill no lets be generous and add 10 million to incoming cash flow 85 - 36 mill leaves 49 million required to fund another quarter.
(36 million income is a 40% increase in receipts in one quarter by the way)
So they need 50 million without anything for contingencies of which there is always something when it comes to Lynas. Plus the company will have to rapidly increase its production to beyond the capabilities of just Ph 1 in one quarter. 2800 tons at the supposed 23/Kg sales price is 64 million return for 50 million + spend Get it yet.

Its over. Not Happening.

My belief is a deal has been struck with Mt Kellet whereby Mt Kellet will front them enough to pay the interest and operating costs for another quarter with a caveat that if they default on one more payment they have the right to convert there notes immediately at the VWAP for the week in which they default....Same as they added the clause about not being in trading halt for more than 5 days a year without their permission... These are the last two days by the way.
You are on top of things you know your position, you know how you got there.....

My thoughts and opinions only

Gain or loss is in your own hands

Long Live Lynas

Shorters burn

Did I miss any etc etc....

Was it worth poking the bear.....

Expand

Nice essay from a non holder which also has a one eyed view. Y why don't you research other companies whi have been involved in a integrated funding deal...

LYC Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.78		Change 0.180(2.37%)		Mkt cap ! $7.272B

Open	High	Low	Value	Volume
$7.45	$7.92	$7.41	$46.84M	6.050M

Buyers (Bids)

No.	Vol.	Price($)
1	1000	$7.75

Sellers (Offers)

Price($)	Vol.	No.
$7.81	77676	2

View Market Depth

No.	Vol.	Price($)
1	1000	7.650
2	3869	7.580
1	3000	7.510
3	6715	7.500
1	1000	7.460

Price($)	Vol.	No.
7.870	6266	3
7.880	835	1
7.900	4900	2
7.910	2100	2
7.920	885	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LYC (ASX) Chart

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