Makes absolutely no sense to pay down JARE when that free cash can generate far higher returns re-invested in the business. Secure loan to Sept 2020, low coupon, and easily rolled over. In fact JARE will be within 2 years of supply agreement expiry and may be keen to roll the two up, only this time Lynas would be in the box seat to negotiate a better outcome.
Lynas has battled negative macros for nearly 7 yrs now, and finally managed to establish a base at what increasingly is looking like an inflection point. Would be totally negligent of the Board to squander the massive leverage hard won, LynasNEXT will extend well past the next 12 months.
Ann: Partial Conversion of Bonds and Appendix 3B, page-9
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Last
$8.25 |
Change
0.110(1.35%) |
Mkt cap ! $7.717B | |||
| Open | High | Low | Value | Volume |
| $8.10 | $8.25 | $8.06 | $21.44M | 2.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 362 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.25 | 29299 | 1 |
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| Last trade - 16.14pm 08/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |