After helping Lynas avoid insolvency, the JARE backers are not going to force Lynas to the wall over what is now a relatively small amount in strategic terms.
The aim of a company is not to have no debt but manageable which it now is. I am sure Lynas could get the term extended by years or alternative competitive funding if they chose to.
I think a capital raising with dilution is long past needed.
After helping Lynas avoid insolvency, the JARE backers are not...
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Last
$6.29 |
Change
-0.125(1.95%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $2.633M | 418.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 12527 | $6.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.29 | 16197 | 55 |
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| Last trade - 11.24am 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |