seden33, they haven't actually 'loaned' anything. This is how YA do business, they are a hedge fund out of New York from what I can gather.
You make a good point regarding why would LYC secure financing for 30m when 95m is needed unless it is a just in case working cap requirements go over budget. I really hope this is the case!!
LYC should make a statement by 31 january and this will be eagerly awaited by the market.
Ann: Standby Equity Facility , page-21
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Last
$7.65 |
Change
0.040(0.53%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $1.916M | 249.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2435 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 650 | 3 |
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| Last trade - 10.31am 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |