Does LYC necessarily need to be debt free. Debt can be a normal source of company funding. The problem with current debt is that it has restrictive conditions attached. When LYC was looking liquidation squarely in the face the current debt arrangements were all that was keeping Lynas afloat. Times are "achanging". Debt renogation is a strong possibility.
Actually I am of the opinion that Curtis was sitting in the wings waiting for the receivers to be appointed. (Remember the crown fiasco). That didn't happen, RE prices recovered and production problems were overcome. I suggest that he underestimated the ability of Amanda when he appointed her. Had she failed to turn the ship around I think that Forge would own it all by now. All supposition but based on past historical events.
Lynas Debt Free 2018, page-77
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Last
$6.09 |
Change
-0.130(2.09%) |
Mkt cap ! $5.692B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.21 | $6.09 | $15.72M | 2.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 52453 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.11 | 8000 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |