Looking at the original CNMC proposal, it was for $252m in equity, and a bank guarantee of $119m, for a total funding requirement of $371m (phase 1)
If LYC was to do a 1:1 rights issue at 60c, they would raise $380m Problem solved.
I suspect they will still want to throw CNMC a bone, so issue them 15% at 60c - Another $190m raised - comfortably funds phase 2.
Shareholders happy, FIRB probably happy.
LYC Mgmt, lets get moving!
pre-open, page-17
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.10 |
Change
0.075(0.94%) |
Mkt cap ! $7.580B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $17.98M | 2.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 11226 | $8.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 10262 | 26 |
View Market Depth
| Last trade - 14.44pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |