IMO: It seems that tomorrow lynas will announce the extension of the loan and proposed CR to shareholders. The board expects that SP will go up tomorrow
Extract from AFR
According to a termsheet sent to fund managers, the SPP would be put to Lynas’s 38,500 existing shareholders and priced at a 17.5 per cent discount to the five-day average price leading into May 26.
$40 million spp and placement?, page-7
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