Famoso, less the 10% dilution from current $1.28 (or $1.25) = $1.13/15 imo.
Longer term it is great news. Will not go much lower from here.
A question, What evidence did LYC provide to Mount Kellett re the POL? I am certain that MK would not have opened up for $225 million without a lot of certainty around the LAMP and a few other issues around customers etc
Yes they have a safety net built into the bond agreement and yes they have all sorts of conditions in what looks very much like a standard document for MK however LYC had to have shown something in exchange for the bond agreement.
To my mind it indicates MK saw enough to believe the POL is a done deal or they wouldn't have wasted their time putting this deal together.
2-4 weeks of range trading then we are going to see what MK have already seen and our patience will be rewarded.
share price effect...very little ....!, page-16
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Last
$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |