LYC 3.12% $6.28 lynas rare earths limited

Ann: Market Update , page-46

  1. 30,924 Posts.
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    Why would anyone refinance it now? The depression is deepening, R&D funds for new products that will use REs will be non-existent, the price of the Mt. Weld basket is falling. They need a minimum of US$233m in funds to complete the project: more now they've had these delays. That'll be over a quarter of a billion US$.

    They'll find it really tough.

    Keeping it on the watchlist, 5c in a year's time.
 
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$6.30 5246 2
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