Little too ambitious IMO. While the Mt K convertable bonds will more than likely be done and dusted, there is still around A$24m owed to MT K and JARE for deferred interest payments from 1 Jan 2016 - 31 Dec 2016, also US$23m as bond payment to AELB and CAPEX for next Mt Weld mining campaign, say around A$15m.
In total we are looking at another A$67 approximately outflow of funds over the next 12 months. Dont get me wrong I believe the companies future prospects are very positive and as a simple analysis, as long as REO prices hold around current levels it would be safe to say Lynas could easily be debt free by June 2019 IMO.
LYC Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
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