With a slightly decreased understanding of the Queen's English this morning, in particular long words and legalese due to last night's libations whilst watching Tour de France, can I clarify.
Does that mean that Lynas can buy back bonds when the SP averages over $0.16? It also seems to say that ALL the bonds on issue have to be redeemed? It seems to be a fair cap that could limit conversion to a 60% return on the principal?
Let's just say in a year's time the share price is $0.30c and JARE debt has been halved, all 5c options have been redeemed and MtK have started to convert bonds. Could/would Lynas try and find funding to buy back the bonds? Would JARE lend again to keep supply secure?
I'm struggling to see how Lynas could or even if it would buy back the bonds, given its lack of cash, even with that term 5.5.
todays chart, page-337
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |