I'm wondering why LYC has started this press campaign in Malaysia mainly targeting environmental issues and parallely released an update on the convertible note - just coincidence?
From what I understand is that the convertible-holders and the senior note holders want out of a deal, that doesn't reflect the CR-ratio any longer. The million$ question is if the bondholders/CN holders would have the means to decelerate and as a consequence to impede the meeting of necessary conditions.
No one can answer this question at the moment and this is why Lynas will be in volantile trading territory over the next weeks. Shorters, end time prophets and armageddon prayers will pour in the meassage boards as well as pumpers who hope to up- und unload within days, hours or at least seconds...in fact business as usual.
Lenni
any comments on announcements, page-60
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