Thank you Fat Pat. I don't have the exact numbers in front of me, but we have a loan with JARE (~US$145) at very favourable terms. We could pay it off tomorrow if we wished (we are likely currently sitting on a >$700m cash pile), but as the debt is, on relative terms, cheap, it's better to put money to work.
I'm sure you can see it, but as a very simple analogy - my sister in Sweden was asking if she should pay off her student loan (~$20k) or invest, the answer was simple: invest. The student loan in Sweden has (literarily) 0% interest.. grow the value of the holding and let gains pay the student loan off.
With LYC, I think we pay 2.5% interest rate (~$3.6M/y), which is tiny with current cash flow. So while we could, I'd rather LYC invests and grow the business..
Deciphering Lynas, page-217
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |