The cr this time is just a start and it is just a very short term solution. If Lynas can only sell 11k tons it definitely is not enough to repay total over $400m in 2 years. This reason is sufficient enough for the short to pull down the share price well below $1.15 before 2016 means that mk will not convert the loan. Or at the end convert it at a very low price. The automotive industry trend that lynas is putting may happen in 2020 which is 6 years from now. Lynas share will keep diluting and diluting for the whole debt and they will only let you know in last minute.
$40 million spp and placement?, page-13
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$6.40 |
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Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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