LYC has certainly turned a corner and looks to on better footing but with $550m in debt is there any indication on how long it will take them to be debt free
in my experience large debt has almost always led to the down fall of mining companies as when the commodity down turn happens it makes companies very vulnerable
I would say however the worst is behind the company for now and having survived their no 1 priority should be to oay off this debt as quickly as possible
$550m Debt
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |