LYC 1.05% $7.69 lynas rare earths limited

Ann: Partial Conversion of Convertible Bonds and Appendix 3B, page-57

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  1. 4,306 Posts.
    No 8 - that is a very big number - AUD $43m. What I am having trouble with is the lag between the price rises in the market for NdPr and Ce and the sales price for LYC. Given that LYC sells "bespoke"product I am sure there is an agreed price with the purchaser - but I am unaware of how the market mechanism would work for pricing in the agreements. So I have been cautious in my assumptions going forward - I only have a cash flow of $22.6m for September. I hope I'm wrong and your right - it would make me a very happy chappy .
 
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