LYC 1.54% $7.04 lynas rare earths limited

Reality

  1. 516 Posts.
    I hope for all holders sake, you are right. Debt is vastly more than what it was then though.
  2. 30,924 Posts.
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    "Specially if in 2 years time Mt Kellett guys have to convert their bonds at a strike 0.90 now quoting at 0.115. Which means dilution is limited and debt will be reduce by 50%."

    No they don't. In two years' time Lynas have to pay Mt Kellett $225m. THAT'S the reality.
    Last edited by jantimot: 18/09/14
 
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