Umm.. I don't think you understand how convertible bonds work.... if MT K coverts, they get % shares, and they will lose a portion of the bonds. LYC does not get a capital injection.
LYC only gets a capital injection, if they strike their warrants (which are like options).
I am pretty sure, Mt K will only exercise those warrant, if:
1- the share price was above 5c; and
2- to save LYC from immediate insolvency (and that is only so their bonds won't be entirely worthless).
Between a rock and a hard place, page-5
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |