Rewind one year and I'm sure if someone said AGO would be generating $50m free cash within a years time they would have been called worst things than a dreamer.
Don't get me wrong, I don't think Lynas will be generating $50m free cash in a years time but I am confident debt will be under control.
Maybe Mt K will convert the bonds to shares and dump them. But I'm sure if they did the SP would be much higher than the conversion price IMO.
Like I said, IO price outlook is extremely bearish and AGO is a high cost producer compared to its peers. So no wonder lenders are dumping shares.
Lynas on the other hand is a low cost producer with no ROW peers and REO price outlook is very positive.
No comparison.
Maybe you should be posting on the AGO forum.
LYC Price at posting:
9.2¢ Sentiment: Hold Disclosure: Held
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