After helping Lynas avoid insolvency, the JARE backers are not going to force Lynas to the wall over what is now a relatively small amount in strategic terms.
The aim of a company is not to have no debt but manageable which it now is. I am sure Lynas could get the term extended by years or alternative competitive funding if they chose to.
I think a capital raising with dilution is long past needed.
Ann: Partial Repayment of JARE Facility, page-13
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |